Blackstone-backed Candle Media takes minority stake in Westbrook: WSJ

Candle Media, which is backed by Blackstone, has acquired a minority stake in Westbrook, a media company founded by Will Smith and Jada Pinkett, for about $60 million, reported WSJ.

Candle Media, which is backed by Blackstone, has acquired a minority stake in Westbrook, a media company founded by Will Smith and Jada Pinkett, for about $60 million, reported WSJ. Candle is led by former Disney executives Kevin Mayer and Tom Staggs.

Source: WSJ