# Providence set to fully acquire Casey Wasserman’s THE•TEAM, valuing agency at $3.4B (report)

- URL: https://talkfuse.com/story/providence-set-to-fully-acquire-casey-wassermans-theteam-valuing-agency-at-3-4b-report/
- Published: 2026-07-24T14:57:38+00:00
- Updated: 2026-07-24T15:05:43+00:00
- Original publisher: Music Business Worldwide
- Original article: https://www.musicbusinessworldwide.com/providence-set-to-fully-acquire-casey-wassermans-theteam-valuing-agency-at-3-4b-report/
- Topics: Music

## Key points

- Providence reportedly plans full ownership of THE•TEAM.
- The agency is valued at approximately $3.4 billion.
- Wasserman remains chair of LA28.

## Summary

Providence Equity Partners is reportedly close to buying Casey Wasserman’s remaining stake in THE•TEAM, giving the private-equity firm full ownership of the sports, music and entertainment agency. The deal would value the company at about $3.4 billion and follows a sale process launched after Wasserman stepped back amid scrutiny over historic correspondence with Ghislaine Maxwell.

Providence already owns roughly 60% of THE•TEAM; the unsigned deal, overseen by Moelis & Company, is expected to close within weeks after attracting around a dozen bidders. THE•TEAM employs about 4,000 people, including 400 in Wasserman Music, which represents major acts such as Kendrick Lamar, SZA, Coldplay and BLACKPINK; Wasserman will reportedly sign a non-compete agreement while remaining chair of LA28.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.