Jay-Z Is Not Buying Harvey Weinstein's Stake In Film Studio

Reports that rapper and business mogul Jay-Z is considering purchasing Harvey Weinstein’s 23% stake in his film studio are completely false, a person close to the parties told FOX Business.

Gossip website TMZ reported Monday that multiple sources connected to the musician said that Jay, along with “several other investors including a famous movie producer and a billionaire,” are thinking about buying Weinstein’s interest in the company.

However, a source told FOX Business that the story is not true. Sallie Hofmeister, a spokesperson for The Weinstein Company declined to comment further on the matter.

Weinstein was ousted from The Weinstein Company that he co-founded on Sunday following multiple reports of women, including actresses Gwyneth Paltrow, Angelina Jolie and Ashley Judd, accusing him of sexual abuse that spread over several decades.

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