Reese Witherspoon’s Media Company Hello Sunshine Reportedly Sells for $900 Million

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In a statement, Reese Witherspoon said that Hello Sunshine's reported $900 million sale 'really means that women’s stories matter.'

. “I’m going to double down on that mission to hire more female creators from all walks of life and showcase their experiences,” Witherspoon said in a statement. “This is a meaningful move in the world because it really means that women’s stories matter.”began to circulate last month that Hello Sunshine was considering a sale and could receive a $1 billion valuation. The currently unnamed media partnership between Blackstone and Hello Sunshine will be headed by former Walt Disney Co.

The sale of Hello Sunshine to Blackstone is “part of a plan to build an independent entertainment company for Hollywood’s streaming era,”

 

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Reese Witherspoon's media firm to be sold to Blackstone-backed companyAcademy award-winning actress Reese Witherspoon's media venture, Hello Sunshine, said on Monday it would be bought by a newly formed Blackstone Group Inc-backed media firm (BX.N) for an undisclosed amount.
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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”
Source: WSJ - 🏆 98. / 63 Read more »