UK watchdog clears Omnicom's $13.25 billion deal to buy Interpublic
Omnicom struck the $13.25 billion all-stock deal for rival Interpublic in December last year. The deal is expected to close in the second half of 2025.
The Competition and Markets Authority launched, opens new tab its initial probe into the merger in June to assess if the deal could lead to a reduction in competition in the UK market.
The deal was cleared by the U.S. FTC in late June on the condition that the new company does not enter agreements with others to steer ad dollars towards or away from publishers based on political content.
Omnicom and Interpublic did not immediately respond to requests for comment.
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BBC News
11 minutes ago
- BBC News
NatWest bank chief predicts upturn for Scottish business
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Bingley Victorian lodge sale to ease council's budget woes
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The Sun
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- The Sun
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