CAA-KKR deal being discussed

ALPHABET SOUP: KKR is apparently feeling the tug of Tinseltown. A report in the Wall Street Journal reveals that the N.Y.-based private-equity firm is in talks to buy a stake in CAA, citing people familiar with the discussions. Peeling about $250 million would give KKR a minority stake in the business while allowing CAA's owners to partially cash out their stakes in the firm. The talks were earlier reported by CNBC. Agency deals are especially fraught because their main assets are people who can leave at a moment's notice, note reporters Peter Lattman and Ethan Smith. Among CAA’s current assets are George Clooney, Peyton Manning and Ludacris. (6/16a)

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CAA-KKR deal being discussed

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