Billionaire Pinault in Talks to Buy Majority of Hollywood’s CAA

Luxury tycoon Francois-Henri Pinault is in advanced discussions to buy a majority stake in Creative Artists Agency, according to people familiar with the matter, potentially adding another international trophy asset to the portfolio of a French billionaire.

The talent agency, backed by private equity firm TPG, could fetch a valuation of at least $7 billion, said the people, who asked to not be identified because the information isn’t public. The talks, which have come to light just as Hollywood writers and actors go on strike together for the first time in six decades, could still end without an agreement, ...