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Candle Media buys stake in media company co-founded by Will Smith and Jada Pinkett Smith

2 min read . Updated: 05 Jan 2022, 06:29 PM IST BENJAMIN MULLIN, The Wall Street Journal

American actor and producer Will Smith. (AFP) — American actor and producer Will Smith. **(AFP)**

Firm led by former Disney executives Kevin Mayer and Tom Staggs and backed by Blackstone is paying about $60 million for more than 10% of Westbrook

Candle Media, a firm led by two former Walt Disney Co. executives, has agreed to buy a stake in Will Smith and Jada Pinkett Smith’s media company, the latest in a series of high-profile acquisitions for the Blackstone Inc.-backed entertainment venture.

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