Just for Laughs to be sold after reaching deal with investors group

MONTREAL — The embattled Just for Laughs group says it has found a buyer.

The Montreal-based company says it has reached an agreement in principle with an unnamed group of investors.

The company says the deal puts the ball in the court of media giant Quebecor, which can exercise its right to first refusal and equal the group’s offer in the next 12 days.

Just for Laughs was rocked after several women came forward last fall with allegations of sexual assault and sexual harassment against its founder and majority stakeholder, Gilbert Rozon.