Reese Witherspoon sells Hello Sunshine, joins new company

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. She will continue to oversee its day-to-day operations along with members of Hello Sunshine’s existing . . .

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