Creative Artists Agency is in advanced discussions to sell a majority stake in itself to Francois-Henri Pinault, the French billionaire behind luxury fashion house Kering SA, according to people familiar with the matter.
The TPG-backed talent agency could fetch a valuation of at least $7 billion, said the people, who asked to not be identified because the information isn’t public. A final decision hasn’t been made and talks could still end without an agreement, one of the people said.
Representatives for CAA and TPG declined to comment, while a representative for Pinault didn’t immediately respond to requests for comment.
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