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Reese Witherspoon’s Hello Sunshine to be sold

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Reese Witherspoon’s media business, Hello Sunshine, is slated to be sold.

The buyer is a firm backed by private equity company Blackstone Group Inc. While terms of the deal were not disclosed, people familiar with the matter put the total at around $900 million.

Hello Sunshine's production portfolio includes HBO drama "Big Little Lies."

Read more from The Wall Street Journal.

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