"Several private equity firms and Hollywood power players have expressed interest in buying parts of Casey Wasserman's music and sports management firm after it abruptly went up for sale."
"The company, which changed its name to The Team last month, is expected to be valued at around $3 billion, with Providence Equity Partners holding the majority stake."
"Wasserman and Providence's company boasts an enviable roster of music artists, including Kendrick Lamar, Coldplay, and Ed Sheeran, with a lucrative sports marketing practice."
"UTA is among the most aggressive suitors, as The Team's sports marketing and music representation divisions would dramatically boost the Beverly Hills agency's profile and client roster."
Casey Wasserman's music and sports management firm, recently renamed The Team, is up for sale amid controversy from released emails linked to Ghislaine Maxwell. Several private equity firms and Hollywood agents, including UTA, have shown interest in acquiring parts of the company, which is valued at approximately $3 billion. Providence Equity Partners, the majority stakeholder, is considering various sale options, including selling the entire firm or individual business units. Wasserman retains veto rights over any sale.
Read at Los Angeles Times
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