"The sale process was highly competitive, with strong interest from many parties and multiple bidders at the finish line," the Tuesday (July 28) staff memo reads.
By
Ariel King
Providence Equity Partners, the majority owner of THE•TEAM (the agency formerly known as Wasserman), is set to acquire full ownership of the company, according to an internal company memo obtained by Billboard on Tuesday (July 28).
“We are pleased to confirm that our sale process has concluded with Providence Equity Partners, our existing investor and partner since 2022, investing additional capital into the company,” reads the memo circulated to staff. “This will support a transaction through which THE•TEAM will acquire Casey’s remaining ownership interest.”
