Breaking: Richard Abate Leaving ICM for New 'Endeavor'?

We hear that near-universally reviled ICM mega-agent Richard Abate is leaving that agency in order to set up his own shop, which we hear will be called Endeavor. (Abate is perhaps best known to Gawker readers as the former mentor — okay, bossman — of agent to the blogsuperstars Kate Lee.) "Endeavor" strikes us as an odd choice of nomenclature, since there's already an Endeavor agency — albeit an LA-based one that doesn't solely represent literary clients. In fact, ICM was recently rumored to be buying that Endeavor, which probably has nothing to do with this. Anyway, weird.

Related
(tangentially, maybe): The Agent Dance: ICM Denies Endeavor Rumor [Defamer]