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entertainment media/telecom

New Media Venture Backed by Blackstone to Buy Hello Sunshine for $900 Million

By
Jessica Toonkel
· · Source: The Wall Street Journal

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...

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