Hollywood actress Reese Witherspoon’s Hello Sunshine production house has been officially sold for $900 million to a media company backed by Blackstone Group Inc. The Wall Street Journal first reported the sale of Hello Sunshine.
According to the WSJ, Witherspoon said in a statement, “Today is a tremendous moment for Hello Sunshine. I started this company over the years to change the way we see all women in the media. We’ve seen That our mission is flourishing through books, TV, films and social platforms. Today we are taking a huge step forward by partnering with Blackstone to help us create even more influential, powerful stories about women’s lives globally. Capable of telling captivating and engrossing stories.
Hello Sunshine was founded in 2016. Witherspoon and company CEO Sarah Harden will join the new company’s board and oversee day-to-day operations. According to the WSJ, Blackstone paid more than $500 million in cash to buy shares of Hello Sunshine.
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