Blackstone-backed firm to acquire Reese Witherspoon's Hello Sunshine

After reportedly being considered for purchase by Apple. Reese Witherspoon's Hello Sunshine media company, which is behind a number of Apple TV+ originals, is selling itself to a Blackstone-backed firm.

Credit: Hello Sunshine
Although the terms of the deal haven't been disclosed, The Wall Street Journal reported Tuesday that it values Hello Sunshine at about $900 million. The name of the media company that Blackstone is backing is also unknown, but will be run by former Disney executives Kevin Mayer and Tom Staggs.

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