The stars are showing their support for the 2021 Stand Up to Cancer telethon.
02.08.2021 - 19:59 / etcanada.com
Reese Witherspoon’s Hello Sunshine has been sold for a whopping $900 million USD.
The actress’ production company was bought by a media firm backed by the private-equity firm Blackstone Group Inc., Variety reported.
Witherspoon and Sarah Harden, Hello Sunshine’s CEO, will join the board of the new company and will continue to oversee day-to-day operations, while remaining as significant equity holders, the publication stated.
Witherspoon launched Hello Sunshine back in 2016, with the company’s
The stars are showing their support for the 2021 Stand Up to Cancer telethon.
Reese Witherspoon has hilariously thrown some shade at her pal Laura Dern after her former Big Little Lies co-star ignored her FaceTime calls. Reese. 45, took to Instagram on August 19 to share a screenshot of herself making a funny face while waiting for Laura, 54, to pick up. “Dern? You there?” she captioned the pic, which showed her with a hilarious expression on her face as Laura was “unavailable” for the call.
Reese Witherspoon and Laura Dern have been sharing the funniest posts on Instagram all day long!
Reese Witherspoon is celebrating her “wonderful mama” Betty on her 73rd birthday.
Reese Witherspoon had a reason to celebrate this week as she marked her beloved mother Betty's birthday.MORE: Reese Witherspoon glows in rare vacation photo with husbandThe Legally Blonde star took to Instagram to share a series of previously-unseen family photos of herself with her mom over the years, including one of Betty as a teenager.It's safe to say that there's a strong family resemblance between Betty and her famous daughter, as well as Reese's lookalike daughter Ava. VIDEO: Reese
Drew Barrymore is seen as one of the shining beacons of Hollywood, constantly on the quest to spread more positivity and love, whether it's through her movie roles or her talk show.READ MORE: Drew Barrymore paints home the brightest colour we've ever seenSo, it was only fitting that she paid tribute to another Hollywood icon with equally as sunny a disposition, her friend Reese Witherspoon.WATCH: Drew Barrymore in tears in emotional videoReese originally shared a picture of herself with her
Ava Phillippe is having a fun filled night with her mom Reese Witherspoon!
Hollywood and media industry financing sources have tended to be cyclical, with new money refreshing the old every few years. The current cycle of private equity investment, though, is bucking that history and could extend the M&A wave for years to come, dealmakers say.
Reese Witherspoon has been really keeping busy, with announcements about upcoming projects and the big sale of her media company, Hello Sunshine, this past week.MORE: Reese Witherspoon posts rare photo with two oldest children - and they could be tripletsBut that doesn't mean she isn't willing to take the time out to spend some moments with her family and enjoy a little break in the wide open spaces.WATCH: Reese Witherspoon's throwback marks big milestoneThe actress shared a picture on her
Reese Witherspoon has had a monumental week, coming off the heels of a huge business decision that involved the sale of her media company, Hello Sunshine.READ: Reese Witherspoon's daughter Ava Phillippe has the sweetest response to her mom's big newsNow, her week gets even more pumped as she announces to fans another exciting development in her career.WATCH: Reese Witherspoon's throwback marks big milestoneReese posted on her Instagram Stories a snapshot from a Deadline article, which stated
Reese Witherspoon is making money moves! The Hollywood star has proven she is also a savvy entrepreneur, now that she has closed an incredible deal, selling her Hello Sunshine media business for $900 million.The actress found success with her media firm, after producing blockbuster films and some of the most watched shows, including Gone Girl, Wild, HBO’s Big Little Lies, Apple’s The Morning Show and Hulu’s Little Fires Everywhere.Reese shared her excitement, admitting she is “committed to
It's a perfect day for Reese Witherspoon as the actress and producer is selling the media company she founded to a newly formed company backed by private equity firm Blackstone Group.Terms of the transaction were not disclosed but The Wall Street Journal reported that the deal was worth about $900 million.Witherspoon, known for her roles in films such as “Legally Blonde" and “Walk the Line," created Hello Sunshine in 2016.
Cynthia Littleton Business EditorThe $900 million acquisition of Reese Witherspoon’s Hello Sunshine by private equity giant Blackstone is a big step toward the launch of a media holding company that will revolve around the three Cs: content, commerce and community.Disney alums Kevin Mayer and Tom Staggs are guiding Blackstone’s investment in content ventures and will serve as co-CEOs of the unnamed holding company that will house Hello Sunshine and other banners.
The Wall Street Journal first reported the news of the Hello Sunshine sale. Last month, the Journal reported Hello Sunshine could sell for as much as $1 billion.
Kevin Mayer and Tom Staggs. Witherspoon and Hello Sunshine chief executive Sarah Harden will join the board of the new company and will continue to operate the business.