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CAA finalizes takeover of ICM in landmark talent agency deal
Century City-primarily based Creative Artists Company has finished its acquisition of neighboring ICM Companions in a landmark deal that is possible to renovate Hollywood’s expertise company enterprise. The two businesses announced the deal in a statement Tuesday and claimed they would have 3,200 workforce across 25 nations. The takeover was initial declared in September but took extended than anticipated to distinct a regulatory evaluation by the Section of Justice and the Federal Trade Fee as the industry experiences a wave of offer-making. While economic phrases were not disclosed, the acquisition was valued at $750 million, putting a put together value for the two businesses, like financial debt, of $5 billion,…