François-Henri Pinault Nears $7 Billion Deal for CAA

François-Henri Pinault Nears $7 Billion Deal for CAA

French billionaire Francois-Henri Pinault is close to a $7 billion deal to buy a majority stake in Creative Artists Agency, the Hollywood talent giant that’s home to actor Brad Pitt and basketball’s Chris Paul, according to people familiar with the matter.

Pinault, whose family controls a luxury goods empire, is seeking the majority stake held by private equity firm TPG Inc., said the people, who asked not to be identified because the deal…

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