Omnicom has finalized its acquisition of The Interpublic Group of Companies, Inc., following all required regulatory approvals. The deal forms the world’s most extensive marketing and sales organization, built around Omnicom’s Omni intelligence platform.
The combined company brings together an unmatched portfolio of creative, media, data, and technology capabilities designed to help brands drive intelligent, sustainable growth.
“This is a defining moment for our company and our industry,” said John Wren, Chairman and CEO of Omnicom. “With the completion of the deal, Omnicom is setting a new standard for modern marketing and sales leadership — creating stronger brands, delivering superior business outcomes, and driving sustainable growth. We’re excited about this next chapter. I want to thank our people, clients and shareholders for the trust they have placed in us.”
Under the terms of the agreement, Interpublic shareholders received 0.344 Omnicom shares for each Interpublic share. Legacy Omnicom shareholders now hold approximately 60.6 percent of the combined company, with Interpublic shareholders holding 39.4 percent on a fully diluted basis. The new Omnicom, with pro forma revenue exceeding $25 billion, will continue trading under the OMC ticker on the NYSE.
John Wren remains Chairman and CEO. Phil Angelastro continues as EVP and CFO, while Philippe Krakowsky and Daryl Simm serve as Co-Presidents and COOs. Krakowsky, Patrick Moore, and E. Lee Wyatt Jr. have also joined Omnicom’s Board. The full leadership slate will be announced on December 1st.
The fate of DDB has yet to be announced.
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