Harvey Weinstein’s alleged acts of sexual misconduct may cost him more than his reputation, and one famous business mogul is said to be in talks about potentially purchasing his interest in The Weinstein Company (TWC).
According to TMZ, multiple sources connected to JAY-Z said the “Change Clothes” rapper, along with several other investors, have expressed interest in purchasing Weinstein’s 23-percent stake in the firm.
JAY-Z reportedly has a working relationship with both TWC and Weinstein, and the two men shared executive producer credit on the documentary The Kalief Browder Story. The Roc Nation founder also has a miniseries about Trayvon Martin slated for production through TWC.
Weinstein has been accused by several Hollywood actresses of sexual misconduct, and even rape. On Thursday, BBC reported that the film mogul is currently under investigation by the New York Police Department in connection with the sexual assault claims.
He has since stepped down from TWC, the company he helped create.
According to published reports, JAY-Z wants to expand his relationship with the company, and since Weinstein is out, he’s seeking to acquire a substantial stake in the firm.
Smart move, Hov.