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

- 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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