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Silver Lake Hits Hollywood With Talent Agency Stake

Law360, New York (May 2, 2012, 6:21 PM EDT) -- Private equity giant Silver Lake Partners LP will take a minority stake in William Morris Endeavor Entertainment LLC, parent company of the eponymous talent agency, to finance its expansion into global digital media, the parties said Wednesday.

The agency, which represents actors and performers such Denzel Washington and Lady Gaga, has been bulking up its digital media operations, buying startups in advertising, social media, social gaming and e-commerce.

Terms of the deal were not disclosed. The Wall Street Journal pegged the size of the stake at...
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