The Wall Street Journal first reported the news of the Hello Sunshine sale. Last month, the Journal reported Hello Sunshine could sell for as much as $1 billion.
Apple was among the companies said to be interested.Hello Sunshine was founded in 2016 as part of a joint venture with AT&T, which holds a minority stake through its ownership of Otter Media.
Along with Witherspoon, Hello Sunshine’s owners include Seth Rodsky and Jim Toth, a former CAA agent who is Witherspoon’s husband.The Hello Sunshine sale is subject to regulatory approval and customary closing conditions.The deal could open the floodgates for other big sales of star-driven production companies.
Read more on thewrap.com
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