In the wake of broad restructuring, The Weinstein Co. is selling its majority stake in aSmallWorld.net -- a social network for influencers, and wealthy ones in particular -- to Swiss mogul Patrick
Liotard-Vogt. Harvey Weinstein's film and entertainment company bought into the site three years ago, and is now expected to retain a small piece of it. Liotard-Vogt is a scion of the family that
founded Nestle Corp. The exclusive site, founded by Erik Wachtmeister, is an invitation-only social network. Terms of the deal were not disclosed. Earlier this summer, Weinstein hired financial
consultants Miller Buckfire. The firm has since advised Harvey to slim down. No small feat.
Read the whole story at Los Angeles Times »
