EDR - Why did Endeavor Group Holdings go up today; competitor CAA may be sold for $7B
2023-07-14 16:45:43 ET
- Endeavor Group Holdings ( NYSE: EDR ) rose 4% amid a report that competitor Creative Artists Agency is in talks to be sold at valuation of at least $7 billion.
- Luxury tycoon Francois-Henri Pinault is in advanced talks to buy a majority stake in talent agency CAA, according to a Bloomberg report late Thursday, which cited people familiar with the matter.
- Endeavor, which owns William Morris, one of CAA's main competitors in the talent agency space, has a market cap of $10.7 billion.
For further details see:
Why did Endeavor Group Holdings go up today; competitor CAA may be sold for $7B