Billionaire Pinault's Artemis company to buy majority stake in Hollywood agency CAA

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Financial details of the deal were not provided.

“CAA’s exceptional insight, relationships, and access across key sectors, combined with their widely regarded level of collaboration and innovation, gives the company a formidable role in driving global opportunities for its diverse and culture-defining clients,” Pinault, who is chairman and CEO of Kering (EPA:PRTP), the French group that owns fashion label Gucci, said in a statement.