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Goldman Sachs nears $1B deal to buy Excel Sports, FT reports

Goldman Sachs (GS) is nearing a deal to buy a majority stake in the sports talent agency representing Tiger Woods, Caitlin Clark and Derek Jeter, as Wall Street deepens its bets on the booming sports industry, Financial Times’ Antoine Gara, James Fontanella-Khan and Oliver Barnes report. Goldman’s asset management division is in late-stage talks to buy a controlling stake in Excel Sports Management at a near $1B valuation, said two people briefed on the matter.

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