Will Smith and Jada Pinkett Smith's Westbrook In Talks to Sell to Kevin Mayer, Tom Staggs Media Venture - NewsBreak

Will Smith and Jada Pinkett Smith's Westbrook Inc. could become the latest celebrity-backed media company to secure a splashy deal. The company, which produces the popular "Red Table Talk" on Facebook Watch and is backing the upcoming "King Richard," is in negotiations to sell itself to the unnamed media venture run by former Walt Disney Co. executives Kevin Mayer and Tom Staggs, Variety has confirmed. It would be the second high-profile acquisition by Mayer and Staggs, who are being financed by private-equity giant Blackstone Group. It follows their purchase of Reese Witherspoon's Hello Sunshine, which they bought in August in a deal valued at $900 million.