Goldman exploring options for stake in Weinstein Co

Goldman exploring options for stake in Weinstein Co

Goldman Sachs Group Inc said on Friday it was exploring options for the stake it holds in the Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein.

FILE PHOTO - 89th Academy Awards - Oscars Vanity Fair Party - Beverly Hills, California, U.S. - 26/02/17 - Producer Harvey Weinstein and fashion designer Georgina Chapman. REUTERS/Danny Moloshok/File Photo

REUTERS: Goldman Sachs Group Inc said on Friday it was exploring options for the stake it holds in the Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein.

"There is no place for the inexcusable behavior that had been reported, and we strongly condemn it," Andrew Williams, a spokesman for Goldman, said in an email.

He said Goldman held a stake worth less than US$1 million in The Weinstein Co.

Harvey Weinstein, who has produced or distributed Oscar-winning movies including "Shakespeare in Love" and "Chicago", was ousted from the Weinstein Co on Sunday.

The Weinstein Company did not respond to emails and calls seeking comment.

(Reporting By Aparajita Saxena in Bengaluru; editing by Patrick Graham)

Source: Reuters

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