French billionaire in talks to acquire top Hollywood talent agency

Creative Artists Agency is in advanced discussions to sell a majority stake to Francois-Henri Pinault.
CAA represents major Hollywood talent including actors, directors, musicians, and athletes.
The deal could value the talent agency at over $7 billion.
The talks come as Hollywood faces labor unrest with actors joining writers on picket lines.
Pinault already owns luxury brands like Gucci and auction house Christie's.