• bitcoinBitcoin(BTC)$84,323.000.63%
  • ethereumEthereum(ETH)$2,686.680.58%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$775.440.70%
  • rippleXRP(XRP)$1.543.56%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$117.152.55%
  • tronTRON(TRX)$0.338412-0.82%
  • zcashZcash(ZEC)$1,584.904.55%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-0.75%
  • HyperliquidHyperliquid(HYPE)$93.551.69%
  • dogecoinDogecoin(DOGE)$0.0960182.80%
  • moneroMonero(XMR)$571.711.99%
  • chainlinkChainlink(LINK)$13.7211.53%
  • whitebitWhiteBIT Coin(WBT)$84.050.11%
  • USDSUSDS(USDS)$1.000.00%
  • cardanoCardano(ADA)$0.2516525.38%
  • RainRain(RAIN)$0.011896-1.73%
  • leo-tokenLEO Token(LEO)$8.81-1.45%
  • stellarStellar(XLM)$0.2187318.65%
  • bitcoin-cashBitcoin Cash(BCH)$334.850.70%
  • nearNEAR Protocol(NEAR)$4.629.25%
  • uniswapUniswap(UNI)$9.220.77%
  • litecoinLitecoin(LTC)$70.873.99%
  • Ethena USDeEthena USDe(USDE)$1.000.02%
  • CantonCanton(CC)$0.1183608.46%
  • daiDai(DAI)$1.000.02%
  • avalanche-2Avalanche(AVAX)$10.331.68%
  • USD1USD1(USD1)$1.000.00%
  • suiSui(SUI)$1.037.31%
  • hedera-hashgraphHedera(HBAR)$0.0927452.60%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.420.42%
  • BittensorBittensor(TAO)$303.346.07%
  • shiba-inuShiba Inu(SHIB)$0.0000062.48%
  • Global DollarGlobal Dollar(USDG)$1.000.01%
  • crypto-com-chainCronos(CRO)$0.0647725.10%
  • BitwayBitway(BTW)$1.065.08%
  • OndoOndo(ONDO)$0.5631.01%
  • MemeCoreMemeCore(M)$1.21-2.96%
  • paypal-usdPayPal USD(PYUSD)$1.000.01%
  • tether-goldTether Gold(XAUT)$4,281.890.32%
  • okbOKB(OKB)$119.910.33%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • Ripple USDRipple USD(RLUSD)$1.000.01%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.150.19%
  • EthenaEthena(ENA)$0.2227659.42%
  • mantleMantle(MNT)$0.68-2.51%
  • aaveAave(AAVE)$145.055.18%
  • MorphoMorpho(MORPHO)$2.896.97%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Billionaire François-Henri Pinault eyes $7B majority stake in CAA

July 14, 2023
in Business
Reading Time: 8 mins read
A A
Billionaire François-Henri Pinault eyes B majority stake in CAA
ShareShareShareShareShare

French tycoon François-Henri Pinault, the CEO of luxury fashion house Kering, is in advanced talks to acquire a majority stake in Hollywood talent agency Creative Artists Agency, according to a report.

CAA, which represents George Clooney, Brad Pitt and Scarlett Johansson, is backed by private equity firm TPG, and a majority stake could fetch “at least $7 billion,” people familiar with the talks told Bloomberg News Thursday evening.

YOU MAY ALSO LIKE

Cookie shop Zooies draws devoted fans to a SoCal gas station

New NorCal Sam’s Club opens in Lathrop, taking aim at Costco

The possible sale comes as the entertainment industry is in the throes of a massive strike by actors and writers.

A final decision hasn’t been made and talks could still end without a deal, one of the sources told Bloomberg.

The Post reached out to CAA for comment.

A spokesperson for Pinault didn’t immediately respond to requests for comment from Bloomberg.

Pinault, 86, is no stranger to Hollywood, marrying “Frida” actress Salma Hayek in 2009.


François-Henri Pinault, pictured with his wife Salma Hayek, has delved into Hollywood projects via his company, Kering .
Getty Images for Kering

The Mexican-born star, 56, is also a CAA client.

Pinault’s family owns a 41% stake in Kering, which owns designer brands like Gucci, Saint Laurent and Balenciaga.

The Frenchman has a net worth of $41.7 billion — placing him 30th on the Bloomberg Billionaires Index.


CAA, which reps big stars like George Clooney and Brad Pitt, is majority owned by private equity firm TPG.
CAA, which reps big stars like George Clooney and Brad Pitt, is majority owned by private equity firm TPG.
Getty Images

CAA, founded in 1975 by Michael Ovitz, offers talent management services and packaged content for Hollywood studios.

Like its rivals, WME and United Talent Agency, CAA is backed by a private equity firm.

TPG acquired a 35% stake in CAA in 2010. The Fort Worth, Texas-based firm boosted its ownership stake to 54% in 2014, taking control of the business at a $1.1 billion valuation, according to Bloomberg.

The company bought smaller agency ICM Partners — which repped hit-maker Shonda Rhimes, who created “Grey’s Anatomy” and “Bridgerton” — two years ago for $750 million.


(L to R) Francois-Henri Pinault, Salma Hayek, Malala Yousafzai, Editor-In-Chief of British Vogue Edward Enninful and Asser Malik attend a celebration of Edward Enninful's new memoir "A Visible Man" at Claridge's Hotel last year in London.
(L to R) Francois-Henri Pinault, Salma Hayek, Malala Yousafzai, Editor-In-Chief of British Vogue Edward Enninful and Asser Malik attend a celebration of Edward Enninful’s new memoir “A Visible Man” at Claridge’s Hotel last year in London.
Dave Benett/Getty Images

Pinault’s Kering Foundation has organized the Women in Motion initiative at the Cannes Film Festival since 2015.

This year, its Saint Laurent brand launched Saint Laurent Productions headed by house creative director Anthony Vaccarello.

According to Deadline, the production unit launched its first two projects at Cannes: Pedro Almodóvar’s latest short, “Strange Way of Life,” starring Ethan Hawke and Pedro Pascal, alongside another currently unnamed short. 

Credit: Source link

ShareTweetSendSharePin

Related Posts

Cookie shop Zooies draws devoted fans to a SoCal gas station
Business

Cookie shop Zooies draws devoted fans to a SoCal gas station

September 24, 2026
New NorCal Sam’s Club opens in Lathrop, taking aim at Costco
Business

New NorCal Sam’s Club opens in Lathrop, taking aim at Costco

September 24, 2026
Angry rich Miami residents fight Ken Griffin’s plan for new helipad, though he says it will be really quiet
Business

Angry rich Miami residents fight Ken Griffin’s plan for new helipad, though he says it will be really quiet

September 24, 2026
Iconic California steakhouse chain closes another store, only 2 remain
Business

Iconic California steakhouse chain closes another store, only 2 remain

September 24, 2026
Next Post
Fast Food Giant’s Plans to Revamp Leave Investors Craving More Detail on Menu

Fast Food Giant's Plans to Revamp Leave Investors Craving More Detail on Menu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Inflation Watch Mode: Diversify, Buy Dips, Or Hedge? Yes

Inflation Watch Mode: Diversify, Buy Dips, Or Hedge? Yes

September 21, 2026
Good News: Grandson surprises grandparents during vow renewal for 60th anniversary

Good News: Grandson surprises grandparents during vow renewal for 60th anniversary

September 25, 2026
Here’s The Cybersecurity Name He’s Buying — And The Popular Stock He’s Avoiding

Here’s The Cybersecurity Name He’s Buying — And The Popular Stock He’s Avoiding

September 23, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!