TPG Capital is buying a 35 percent minority interest in Creative Artists Agency, followling seven months of tough negotiations with potential financial partners pursued by CAA, according to an entertainment industry blog.
The investment was finally wrapped up Thursday night and an announcement will go out later Friday, according to Deadline.com.
TPG is a large private equity investment firms best known in Hollywood for its doomed acquisition of MGM in 2004 as part of a partnership led by Sony Corporation of America, Comcast, Providence Equity Partners, and other investors.
•CLICK HERE to read the Deadline.com story.
•CLICK HERE to read the The Wrap story.
