variety.com
40%
393
CAA in Advanced Talks to Sell Majority Stake to French Billionaire Francois-Henri Pinault (Report)
Elsa Keslassy International Correspondent Hollywood talent agency CAA is in advanced talks to sell a majority stake to Francois-Henri Pinault, the French billionaire behind luxury and fashion empire Kering, according to a report in Bloomberg. The deal would value CAA, which was founded in 1975 and is backed by TPG, at $7 billion, as per Bloomberg’s report, based on anonymous sources. Reached by Variety, a spokesperson for Pinault and his investment vehicle Artemis declined to comment. A rep for Kering, meanwhile, denied any involvement of the group. CAA did not respond to requests for comment by press time.