The committee ordered the companies to preserve documents and all contact with the WFA and GARM and provide information to the House, according to letters obtained by The Post.
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Omnicom has agreed to buy Interpublic Group in a deal that will create the world's largest advertising company. John Wren, Omnicom CEO and Philippe Krakowsky, Interpublic Group CEO, discuss the merger and roadmap ahead for the two companies.
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Ad industry insiders say the Omnicom takeover of Interpublic Group could kick off more M&A. Insiders laid out who could be involved, from WPP to smaller holding companies.
The Omnicom-IPG mega-merger will create waves across the ad industry. Mergers are highly disruptive in the short term, and opportunistic rivals could pounce.
According to a new study from media buying giant Group M, advertising has come roaring back this year, topping $1 trillion in revenue and marking 9.5% growth.
A pair of big-money acquisitions by advertising company Omnicom and insurance broker Arthur J. Gallagher tip the scales at a combined $27 billion.
Omnicom Group Inc OMC agreed Monday to acquire Interpublic Group of Companies, Inc IPG in a stock-for-stock transaction.
Interpublic Group of Companies (IPG) shares are surging more than 14% in premarket trading after Omnicom Group (OMC) announced a deal to acquire its rival in an all-stock transaction that would form the world's largest advertising company.
The global advertising industry has been turned on its head with the confirmation that Omnicom and Interpublic (IPG) have agreed on a $30 billion mega-merger to overthrow WPP PLC (LSE:WPP) as the largest advertising firm in the world. First rumoured in a Financial Times article on Monday morning, Omnicom confirmed the merger in a subsequent press release.
Interpublic Group of Companies (IPG) shares are surging more than 14% in premarket trading after Omnicom Group (OMC) announced a deal to acquire its rival in an all-stock transaction that would form the world's largest advertising company.