Reese Witherspoon buys back Hello Sunshine at a steep discount
Axios’s Sara Fischer and Kerry Flynn report that Reese Witherspoon has teamed with Paris-based Mediawan to buy back Hello Sunshine from Candle Media for low- to mid-eight figures.
Why it matters. Candle Media takes a steep loss on Hello Sunshine, underscoring how its 2021 streaming-boom acquisitions have failed to hold their valuations.
Signal from axios.com · Sara Fischer, Kerry Flynn · read the original.
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