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Weinsteins secure $490m equity backing

Harvey and Bob Weinsteinhave slotted into place a major piece of the financing jigsaw behind theirfledgling company with today's announcement of a $490m private placement ofequity.Ever since the brothers unveiled plans for The Weinstein Company (TWC) earlierthis year ahead of their split from Miramax, speculation has centred on theprovenance of their financial backing.Today's announcement means approximately half of TWC's $1bn funding mandate, afigure frequently touted ...

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