Private Equity and Business Update 8-3-21 #2

In this episode Scott discusses:

1. Hello Sunshine is the media firm founded by Reese Witherspoon.
2. The company is being valued at $900 million with Blackstone putting around $500 million in cash to work to buy shares in the firm.
3. Hello Sunshine produces shows for HBO, Hulu and Apple and others.
4. ATT and Emerson Collective are large existing holders.
5. It’s amazing what Reese Witherspoon has built.
6. The new sponsored buyer will be run by big time media execs.
7. Blackstone continues to double down on content driven deals that can be platforms.

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