The Weinstein Co. confirmed earlier this week it will lay off 40 to 50 of its 215 employees, including some in the studio’s Los Angeles office, but now the Weinstein brothers may be considering selling all or part of the company, according to sources, the Hollywood Reporter says.

One possible bidder could be billionaire Ron Burkle who has reportedly expressed interest. He could merge it with London’s Independent Talent Group in which he made a big investment three years ago.