Home news Goldman Sachs mulls its £750k Weinstein Co stake

Goldman Sachs mulls its £750k Weinstein Co stake


Investment banking firm Goldman Sachs says it is exploring options for its £750,000 stake in The Weinstein Company.

“There is no place for the inexcusable behaviour that had been reported, and we strongly condemn it,” said Andrew Williams, a spokesman for the global financial giant.
Goldman Sachs’ stake in the production company is small – under $1m.
Selling its share would be unlikely to damage the Weinstein Company financially, but could lead other investors to consider their own stake.

Video: Colin Farrell and Carey Mulligan react to Weinstein claims

Weinstein was forced out of his company on Sunday after the allegations first started to emerge.
The claims against the Hollywood producer continue to grow.
Around 30 women, including actresses Angelina Jolie, Ashley Judd and Gwyneth Paltrow, have spoken out to say Weinstein had sexually harassed or sexually assaulted them since the New York Times first published the allegations last week.
Three women have accused Weinstein of rape, according to The New Yorker, and actress Rose McGowan has also alleged rape.

Video: UK police investigate Weinstein claim

Weinstein continues to “unequivocally deny” allegations of non-consensual sex against him, and of illegal sexual harassment.
In latest developments, Amazon Studios boss Roy Price has been suspended amid claims he “ignored” allegations Harvey Weinstein raped actress Rose McGowan.
In messages directed to Amazon chief executive Jeff Bezos, she said: “I told the head of your studio that HW raped me.
“Over & over I said it. He said it hadn’t been proven. I said I was the proof.”

Image: Amazon Studios boss Roy Price has been suspended amid claims he ignored rape allegations
In a statement, Amazon said it had placed Price on a leave of absence effective immediately.
It added: “We are reviewing our options for the projects we have with The Weinstein Co.”
Filmmaker Quentin Tarantino has also said he his “heartbroken” about the allegations surrounding his friend and movie collaborator.

Source: Sky News