FTC may restrict Omnicom, Interpublic over ad restrictions after their merger, NYT reports
June 12 (Reuters) - The Federal Trade Commission, reviewing ad giants Omnicom and Interpublic's proposed merger, may impose a condition that will stop the combined company from boycotting platforms because of political content, the New York Times reported on Thursday.
Omnicom (OMC.N), opens new tab struck a $13.25 billion all-stock deal in December last year to buy rival Interpublic Group (IPG.N), opens new tab, thus creating the world's largest advertising agency.
The restrictions the FTC is discussing are part of the Trump administration's effort to address perceived political bias in corporate America against conservative voices and causes, the report said, citing two people briefed on the matter.
The U.S. regulator and the ad companies did not immediately respond to Reuters requests for comment.
The terms of the merger review between the FTC and the two ad companies were not finalized, the report added.
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