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KKR want to buy into CAA

By | Published on Thursday 17 June 2010

KKR, the equity types who own half of BMG Rights Management and who are reportedly trying to buy half of EMI Music Publishing, are said to be in talks to take a stake in LA-based talent agency Creative Artists Agency. According to the Hollywood Reporter, KKR could invest $250 million into CAA, which would give them a minority stake in the company.

CAA is one of the big US talent and booking agencies. Their music division has worked with the likes of AC/DC, Usher, Bruce Springsteen, Sting, T-Pain, Carrie Underwood, Green Day, Bon Jovi, Jonas Brothers, John Mayer, Mariah Carey, Radiohead, Justin Timberlake, Shakira and Stevie Wonder.