Oprah and Reese Witherspoon Invest in Spanx at $1.2 Billion Valuation
Oprah Winfrey
Photographer: John Phillips/Getty Images
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Oprah Winfrey and the actress Reese Witherspoon were among new investors in Spanx Inc. as the womenswear brand completed a majority sale to funds managed by Blackstone Inc.
The transaction valued Atlanta-based Spanx at $1.2 billion, according to a statement Thursday.