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Investing.com -- Goldman Sachs is in late-stage talks to acquire a majority stake in Excel Sports Management, the talent agency that represents sports stars Tiger Woods, Caitlin Clark, and Derek Jeter.
The deal, which values Excel at nearly $1 billion, would be executed through Goldman’s asset management division, according to a report on the Financial Times, citing sources familiar with the negotiations.
This potential acquisition represents another significant move by Wall Street into the expanding sports industry, as financial institutions continue to seek opportunities in this growing market.
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