Omnicom, Interpublic CEOs Confident Ad Merger Gets Approved

December 10, 2024, 5:57 PM UTC

The heads of Omnicom Group Inc. and Interpublic Group believe their plan to form the world’s largest advertising agency will get regulatory approval.

“We have a high degree of confidence that it’s something we can achieve,” Philippe Krakowsky, chief executive officer of Interpublic, told Bloomberg Television in a joint interview with Omnicom CEO John Wren.

On Monday, Omnicom announced its intent to buy Interpublic in a deal valuing the company at $13.3 billion, according to Bloomberg calculations. The companies said that the combined entity will have annual revenue of more than $25.6 billion, making it the largest ad ...

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