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Exclusive: Blackstone evaluates options for Reese Witherspoon's Hello Sunshine, sources say

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Blackstone is exploring options for Hello Sunshine, one of the best-known assets in the portfolio of its Hollywood media company, Candle Media, including the possibility of combining it with another company,
Blackstone Inc. is exploring strategic options for Hello Sunshine, the media company co-founded by Reese Witherspoon, which could include a potential sale or bringing in new investors, according to sources familiar with the matter. Hello Sunshine, known for producing content like "Where the Crawdads Sing" and "Daisy Jones & The Six," was acquired by Blackstone in 2021 for $900 million. The company has since expanded its portfolio, including the acquisition of Reese's Book Club. While no final decisions have been made, the evaluation comes as part of Blackstone's broader strategy to assess its investments. Representatives from both Blackstone and Hello Sunshine have declined to comment on the situation.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/other/exclusive-blackstone-evaluates-options-for-reese-witherspoons-hello-sunshine-sources-say/ar-AA1ALM0Z ]