The mogul confirmed on Tuesday that he sold his stake in Wasserman (since rebranded as The Team in March) to Providence Equity Partners, which had held a majority of the company since buying in 2022. United Talent Agency and Patrick Whitesell’s WIN were among the bidders that kicked the tires. I leave with pride in what we created together, gratitude for those who made it possible, and confidence in what comes next. Since founding Wasserman in 2002, the company has rolled up multiple boutique agencies and had 4,000 employees as of earlier this year. “We’re incredibly excited to further strengthen our partnership with The Team,” added Davis Noell, senior managing director, co-head of North America at Providence.