Salma Hayek's husband Francois-Henri Pinault is taking control of the majority stake of the Creative Artists Agency (CAA) in a massive $7 billion deal.
Henri is reportedly in advanced talks to buy the Agency (CAA) in a massive deal. It will give him control over the agency.
Though the French billionaire, 61, has been in talks with the American talent and sports agency, based in Los Angeles, a final decision has not yet been made, according to sources who spoke with Bloomberg News.
Pinault — who's been married to the Mexican actress, 56, since 2009 — is the CEO of Gucci-owner Kering and president of its parent-holding Groupe Artémis.
Founded in 1975, CAA was at the forefront of packaging Hollywood actors, directors, writers and others for films and television shows during the 1990's, when it boosted revenues and sewed up talent to become the most powerful talent agency in entertainment.
The agency represents thousands of actors, directors and music artists. Its client roster includes Tom Hanks, Zendaya, Steven Spielberg, Ariana Grande and Beyonce.
If the talks conclude successfully, the deal would mark a big win for private equity firm TPG, which first invested in CAA in 2010.
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