Business

Reese Witherspoon’s Hello Sunshine Sold for $900 Million to Media Company Backed by Blackstone

Reese Witherspoon’s Hello Sunshine Sold for $900 Million to Media Company Backed by Blackstone

Courtesy John Russo Reese Witherspoon’s Hello Sunshine has been sold for north of $900 million to a media company backed by the private-equity firm Blackstone Group Inc. Witherspoon and Sarah Harden, Hello Sunshine’s CEO, will join the board of the new company and will continue to oversee day-to-day operations. They will also remain significant equity holders. The Wall

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LeBron James' SpringHill Media Company Looks To Sell Equity Stakes Valued Up To $750M

LeBron James’ SpringHill Media Company Looks To Sell Equity Stakes Valued Up To $750M

Photo Credit: Valerie Macon LeBron James is looking to make some big boss moves for his entertainment firm through new deals and a piece of the company potentially up for sale. According to a report from Variety, sources tell the outlet that SpringHill Co. — led by both James and his longtime business partner Maverick Carter — is entertaining early

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Blackstone posts highest profit yet, powered by growth-equity and SPAC deals

Blackstone posts highest profit yet, powered by growth-equity and SPAC deals

Stephen Schwarzman’s Blackstone saw its private equity portfolio appreciate more than 15% in Q1 2021. (John Moore/Getty Images) Since Blackstone launched in 1985 with $400,000 in seed money, the asset manager has expanded from traditional buyouts to the credit markets, real estate and more.  But on Thursday, those strategies were upstaged by wins from Blackstone’s more recent

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Billionaire Jay-Z’s Net Worth Jumps 40% With Sales Of Streaming Service Tidal, Champagne Brand

Billionaire Jay-Z’s Net Worth Jumps 40% With Sales Of Streaming Service Tidal, Champagne Brand

Jay-Z attends 2020 Roc Nation THE BRUNCH on January 25, 2020 in Los Angeles, California. (Photo by Kevin Mazur/Getty Images for Roc Nation) Over the past two weeks, the rapper struck deals to sell his boutique music streaming service and half of his champagne brand Armand de Brignac, adding an enormous pile of cash to

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Walgreens Poaches Starbucks Executive Rosalind Brewer for CEO

Walgreens Poaches Starbucks Executive Rosalind Brewer for CEO

Rosalind Brewer, speaking at Starbucks’ 2019 annual meeting, joined the coffee giant from Walmart. Images: JASON REDMOND/AGENCE FRANCE-PRESSE/GETTY IMAGES. Walgreens Boots Alliance Inc. named Starbucks Corp. operating chief Rosalind Brewer as its next chief executive, setting her up to be the only Black woman leading a Fortune 500 company today. Ms. Brewer will replace Stefano Pessina,

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