Reese Witherspoon’s Hello Sunshine Sold for $900 Million to Media Company Backed by Blackstone

has been sold for north of $900 million to a media company backed by the private-equity firm Blackstone Group Inc.

“Today marks a tremendous moment for Hello Sunshine,” Witherspoon said in a statement. “I started this company to change the way all women are seen in media. Over the past few years, we have watched our mission thrive through books, TV, film and social platforms. Today, we’re taking a huge step forward by partnering with Blackstone, which will enable us to tell even more entertaining, impactful and illuminating stories about women’s lives globally.

“We are thrilled to partner with Reese, Sarah, and the entire Hello Sunshine team,” Mayer and Staggs said. “Hello Sunshine is a perfect fit for our vision of a new, next generation entertainment, technology, and commerce company. We seek to empower creators with innovation, capital, and scale to inspire, entertain, and delight global audiences with engaging content, experiences, and products.

Hello Sunshine was founded in 2016 as a joint venture with AT&T’s Otter Media. It counts Laurene Powell Jobs’ Emerson Collective among its investors. Blackstone paid more than $500 million in cash to buy shares of Hello Sunshine, according to the Journal. It’s unclear if the pact and the valuation also encompass some kind of earn-out based on meeting certain performance benchmarks.

“You made several hundred million dollars?”

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Reese Witherspoon’s Media Company Hello Sunshine Reportedly Sells for $900 Million“This is a meaningful move in the world because it really means that women’s stories matter,” Witherspoon said of the sale to a media firm backed by private-equity group Blackstone Group Inc.
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WSJ News Exclusive | Reese Witherspoon’s Hello Sunshine to Be Sold to Media Company Backed by BlackstoneBreaking: Reese Witherspoon’s media business, Hello Sunshine, is selling itself to a firm backed by private-equity giant Blackstone Group, the companies said, part of a plan to build an independent entertainment company for Hollywood’s streaming era I can give you more info on how to make money weekly with the forex/binary investment platform. If you're interested, dm me. The deal values Witherspoon’s company, whose production slate has included series such as HBO’s “Big Little Lies” and Apple’s “The Morning Show,” at about $900 million, people familiar with the matter said “Independent” “equity firm”
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Reese Witherspoon Sells Company Hello Sunshine for Nearly $1 Billion - E! OnlineReese Witherspoon is saying hello (sunshine) to a nearly $1 billion paycheck after selling her company: 'I couldn’t be more excited about what this means for our future.' She’s not say hello she saying Worth that and then some... Congratulations
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