Browsing: Merger

Proposed Publicis/Omnicom mega-merger unlikely to affect Kiwi agencies—O’Halloran

The global ad industry has moved closer to a duopoly with the proposed merger of Publicis Group and Omnicom set to create the world’s biggest ad network, beating out WPP. But, according to DDB Group’s executive chairman for Australia/NZ Marty O’Halloran, the creation of a company valued at US$35 billion with revenues of US$23 billion is unlikely to have much of an impact on the local agency landscape.