Hollywood agency is pursued by billionaire Pinault

One of Hollywood’s biggest talent agencies is in talks to sell a majority stake to French billionaire Francois-Henri Pinault – as actors strike over writers’ pay.

The Creative Artists Agency (CAA) is in discussions with Pinault, who runs luxury fashion giant Kering and is married to actress Salma Hayek, about a deal that values CAA at £5.3billion.

Private equity-owned CAA is the most powerful agency in entertainment, with clients including Tom Hanks, Zendaya and Steven Spielberg. 

Kering owns brands such as Gucci, Alexander McQueen and Bottega Veneta.

No final decisions have been made, according to reports. Actors went on strike this week, joining film and TV writers who have been taking action since May.