EU approves Omnicom's acquisition of IPG without conditions
Tweet
Share
E-mail
Omnicom Group logo is seen in this illustration taken December 9, 2024. REUTERS/Dado Ruvic/Illustration
BRUSSELS (Reuters) -The EU Commission on Monday said it had unconditionally approved Omnicom Group's $13.25 billion all-stock deal to buy rival Interpublic Group.
The deal, announced last December, merges the world's third-largest ad buyer, Omnicom, with the fourth-largest which is Interpublic.
It would create the world's largest advertising agency as traditional players look to better compete with Big Tech firms amid the accelerating use of AI.
(Reporting by Bart Meijer;Editing by Sudip Kar-Gupta)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HPE stock surges 5% as Morgan Stanley upgrades, pointing to ~30% upside
- Mining investor TechMet forms US subsidiary to attract more capital
- Explainer-Trump's Gaza plan hinges on Hamas disarmament, Israeli withdrawals
Create E-mail Alert Related Categories
ReutersRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
