BANKRUPT VIANSA WINERY CLOSER TO FINDING A BUYER

Sonoma’s Viansa winery, founded by Sam and Vicki Sebastiani, will likely have a new owner by the end of the week, reports the Press Democrat. Viansa’s future owner will be decided tomorrow (Dec. 6) at an auction in bankruptcy court in Reno. So far, only one outside bidder, Woodbridge Capital Partners, has come forward with an opening bid of $20 million to purchase the winery from bankrupt 360 Global Wine Co. Viansa’s largest creditor, offshore hedge fund Laurus Master Fund, already offered an opening bid of $40.5 million.