Plan B Entertainment, the award-winning company co-founded by Brad Pitt, is in talks to sell a significant stake to French media group Mediawan.
According to a report from Bloomberg, Plan B has received bids from more than one potential investor. However, Mediawan, which has been backed by KKR & Co, is the front-runner, per Bloomberg.
Plan B is expected to make a final decision in the next couple of weeks. Deadline has reached out for comment.
Pitt founded Plan B in 2001 alongside his then-wife Jennifer Aniston and manager Brad Grey. The company has had a strong run of awards winners including Best Picture Oscars for 12 Years a Slave, Moonlight and The Departed.
Should Plan B sell a stake, it would follow other star-fronted labels like Reese Witherspoon’s Hello Sunshine, which sold to a firm backed by private-equity giant Blackstone Group last year.
Paris-based Mediawan has been on a recent expansion spree, and has grown through acquisitions in Europe.