Reese Witherspoon’s production company Hello Sunshine will be purchased by a new firm financed by private-equity company Blackstone. The terms of the deal weren’t announced, but a source told the WSJ the deal values Hello Sunshine at $900 million, with Blackstone spending over $500 million to buy out Hello Sunshine’s outside investors, including AT&T and Emerson Collective. Witherspoon and some the company’s executives and investors “will roll over the remaining equity into ownership stakes in the new company Blackstone is forming.” Former Disney executives Kevin Mayer and Tom Staggs will run the new entertainment company that is purchasing Hello Sunshine, […]
