2023-08-31 17:55:00
Revealed this summer, the negotiations between Artémis, the holding company of the Pinault family, and the shareholders of Creative Artists Agency (CAA), the powerful American talent agency – from audiovisual to sport via music – are continuing. According to information from the Bloomberg agency confirmed to “Echos”, they might be concluded “in the next two or three weeks”. The negotiation is not complete, there are still obstacles, a source familiar with the matter therefore underlines that it is not certain that the operation will succeed.
The idea would be for Artémis to acquire a majority stake in CAA by buying out the shares of the private equity fund TPG, which controls 53% of the capital. The operation would be done on the basis of a valuation of CAA of 7 billion dollars. According to Bloomberg, Temasek, the Singapore investment fund, might increase its stake in CAA by buying the shares of Chinese CMC Capital.
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