Deals
Omnicom Is in Advanced Talks to Buy Interpublic, WSJ Reports
- Deal would create the world’s largest advertising company
- An acquisition may be announced as soon as this week
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Omnicom Group Inc. is in advanced talks to buy Interpublic Group in a deal that would would create the world’s largest advertising firm, the Wall Street Journal reported, citing people with knowledge of the matter.
An all-stock transaction, which may be announced as soon as this week, would bring together two of the best known advertising and ad buying companies in an industry shakeup that underscores years of consolidation, the newspaper reported Sunday.