Reese Witherspoon Sells Her Company, Hello Sunshine, For $900 Million
Legally Blonde star Reese Witherspoon sold her media company, Hello Sunshine, to a new company backed by private equity firm Blackstone Group. The terms of the transaction were not revealed, but according to The Wall Street Journal, the deal was worth about $900 million. Hello Sunshine was founded by Whitherspoon in 2016. The actress, members of the existing senior management team and the CEO, Sarah Harden, will continue to supervise the company’s day-to-day operations. Witherspoon and Harden will work as board members for the new company, which is run by entertainment executives Kevin Mayer a...