Paradigm CEO: Agency declined ‘historic’ offer from UTA
Confirming that an offer to buy Paradigm had been turned down, Sam Gores spoke of the agency's "unique culture" and the power of retaining its independence
News By IQ | 10 June 2019
Sam Gores, founder, chairman and CEO of Paradigm Talent Agency, has confirmed there will be no takeover of his business by United Talent Agency (UTA), telling Paradigm staff he turned down an offer that “would have represented one of the largest” acquisitions in the history of the agency sector.
On Friday, Billboard reported that Gores and UTA CEO Jeremy Zimmer had been in talks for several months about a merger that would have likely included UTA taking a majority stake in Paradigm.
Yesterday, Gores (pictured) moved to quash the speculation, revealing that there had been talks but that Paradigm had elected not to go ahead with the acquisition.
In an email to Paradigm staff, obtained by Hollywood news site Deadline, Gores told staff that…
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