A new media company backed by Blackstone and headed by former Disney executives is acquiring Reese Witherspoon’s Hello Sunshine entertainment company at a valuation of around $900 million, according to people familiar with the situation. The deal for the company, which makes such popular shows as HBO’s “Big LIttle Lies,” and Apple TV’s “The Morning Show,” marks how media investors are...
New Media Venture Backed by Blackstone to Buy Hello Sunshine for $900 Million
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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