Reese Witherspoon had to work very hard to sell her production company, Hello Sunshine, for around $900 million earlier this year.
The “Morning Show” actress chats to Gayle King for the latest issue of InStyle, saying of whether it was a number she had to negotiate: “Oh my gosh, yes!
It was two, maybe three months of negotiations on the phone all day. Calls at one o’clock in the morning. I didn’t know a lot about private equity.
I’d never sold a company in my life.” The mag points out that Witherspoon and Hello Sunshine’s CEO Sarah Harden will continue to oversee day-to-day operations and remain significant equity holders despite the sale.
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