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Business News Deals Live Business
CAA sells stake to investment firm Temasek
By Andy Malt | Published on Wednesday 27 September 2017
Singapore-based investment firm Temasek – last seen pumping money into that ominous looking SoundCloud – has taken a stake in talent agency CAA, it has been announced. Neither the size of the stake nor the amount of money that has changed hands has been disclosed, so don’t even ask.
CAA President Richard Lovett said: “As one the most successful and sophisticated investors in the world, Temasek provides an extraordinary level of insight and resources as we continue to provide the best opportunities for the company and our clients”.
He added: “Today’s announcement speaks to the incredible growth and relentless innovation across all areas of the agency. We have a combination of partners that provide global firepower for our continued success”.
Who wouldn’t want a stake in “relentless innovation”? They just won’t stop innovating over there at CAA. Can’t stop. Oh God, the innovating.
