In a huge $7 billion deal, Francois-Henri Pinault, who is married to Salma Hayek, is getting the majority of shares in the Creative Artists Agency (CAA).
Henri is allegedly very close to making a huge deal to buy the Agency (CAA). He will then be in charge of the office.
Even though the 61-year-old French billionaire has talked with the Los Angeles-based American talent and sports agency, no final choice has been made yet, sources told Bloomberg News.
Pinault has been married to the Mexican actress, who is 56 years old, since 2009. He is the CEO of Kering, which owns Gucci, and the president of Groupe Artémis, which is its parent holding company.
Since it was founded in 1975, CAA has been at the forefront of putting together Hollywood stars, directors, writers, and others for movies and TV shows. In the 1990s, it grew its business and got more talent, which helped it become the most powerful talent agency in the entertainment industry.
The firm works with a huge number of actors, directors, and musicians. Its clients include Tom Hanks, Zendaya, Steven Spielberg, Ariana Grande, and Beyonce.
If the talks go well, the deal would be a big win for TPG, which invested in CAA for the first time in 2010.