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Simon Cowell and Topshop boss Sir Philip Green are said to be creating a new entertainment company.
The pair are apparently in talks about a deal, which is expected to be finalised next month.
Simon, 49, has production company Syco, which makes Britain's Got Talent and The X Factor.
And it's thought Sir Philip, 57, will bring his business acumen to a joint venture.
'They've been good friends for a long time and there's a good chance they'll be working together,’ Simon's publicist Max Clifford tells the BBC.
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