The Weinstein Company is reportedly being sold for less than $500 million

Which isn’t a lot.

The Weinstein Company is reportedly being sold for less than $500 million YANN COATSALIOU/AFP/Getty Images

Harvey Weinstein's company is reportedly close to being sold for less than $500 million, the Wall Street Journal reports. The low price means that owners will essentially gain nothing from the deal, since most of the funds will go towards debt - supposedly at $250 million - and legal fees.

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Six potential buyers are reportedly vying for the studio: “a group led by businesswoman Maria Contreras-Sweet; production company Killer Content working with philanthropist Abigail Disney; studio Lions Gate Entertainment Corp.; and investment firms Vine Alternative Investments and Shamrock Capital Investments.”

Weinstein left the company in October after he was accused of sexual misconduct by dozens of women; that number has since grown. His outing as a serial abuser is largely responsible for a wave of longterm abuse being unveiled. Recently, over 300 women in Hollywood made a pledge to spread this movement outside of more visible arenas, pledging money and legal support to women attempting to get rid of abusers in their own fields.

The Weinstein Company is reportedly being sold for less than $500 million