The company is behind titles such as the HBO drama Big Little Lies, Hulu’s Little Fires Everywhere, Apple’s The Morning Show, and others. Hello Sunshine began pursuing a sale recently after receiving interest from multiple parties, including Apple. An acquisition could be worth up to $1 billion.
Hello Sunshine is working with investment bankers as it explores its options, the people familiar with the matter say. There is no guarantee the company will find a buyer.
Witherspoon and her husband, Jim Toth, are reportedly working with partner Seth Rodsky and investors and business advisers to find a buyer for Hello Sunshine.
As of writing, it is unclear what the possible sale’s progress is and the reason behind for possible selling.
Reese Witherspoon founded the company to put the “women at the center of every story” in stories they create, according to their mission.
Back in April of this year, the Legally Blonde star confessed to feeling overwhelmed with her media company after it being named as TIME 100’s Most Influential Companies.
She previously wrote in an Instagram post, “I can’t properly express what a humbling experience it is to be recognized by @time as a business leader.”