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Business Inside CAA’s $750M Acquisition Of ICM Partners; 105 Layoffs, 425 Moving Over

The biggest linkup in the agency space since the 2009 WMA-Endeavor merger has a combined enterprise value of around $5 billion. The merged company’s leadership is expected to address staff at a town hall Thursday, but first comes the pain: Around 105 positions will be eliminated, all from ICM, and coming from all areas, with 80% being retained by CAA.

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