According to the "Financial Times", Liberty Media is trying to acquire a stake in CAA, the agency representing the live careers of artists ranging from Lady Gaga to Ariana Grande, Bob Dylan, Carrie Underwood, Ed Sheeran and Kanye West. CAA also represents a host of talent in the world of sport.
Los Angeles-headquartered CAA’s current shareholders include private equity firm TPG – also an investor in Spotify – which owns 60% of the agency. Minority stake-owners include Singapore-based Temasek, also an investor in SoundCloud, plus China’s CMC Capital Partners.
CAA and Liberty Media declined to comment the rumour.
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