Omnicom Group (OMC, Financial) is reportedly in advanced negotiations to acquire Interpublic Group (IPG), potentially creating the world's largest advertising company. The all-stock transaction could be announced soon, merging two prominent advertising agencies and media buying firms. This move highlights the ongoing consolidation trend in the advertising industry.
The deal values Interpublic Group (IPG) between $13 billion and $14 billion, excluding debt. As of last week, Interpublic Group's market capitalization was approximately $10.9 billion.