Advanced talks to acquire Interpublic Group in an all-stock deal valued between $13B and $14B, excluding debt, according to the Wall Street Journal.
Category
📺
TVTranscript
00:00It's a merger Monday news. Omnicom Group is in advanced talks to acquire Interpublic Group
00:06in an all stock deal valued between 13 and 14 billion dollars excluding debt.
00:11That's according to the Wall Street Journal. The merger would combine the world's third
00:15largest ad buyer Omnicom with the fourth largest Interpublic, potentially creating a company
00:21with over 20 billion in annual revenue. Both firms are New York based with Interpublic
00:27owning brands like McCann and Media Brands, while Omnicom owns BBDO and TVWA.
00:33If finalized, the deal could face regulatory scrutiny and would position the combined entity
00:38to compete with ad giants WPP and Publicis Group.