Advertising News France

Subscribe

Advertise your job ad
    Search jobs

    French ad group Publicis buys Sapient in $3.7bn deal

    PARIS, FRANCE: French advertising agency Publicis said on Monday it had bought US digital marketing specialists Sapient in a $3.7bn (€2.95bn) deal.
    Paris-based Publicis has bought Sapient. (Image: Wikimedia Commons)
    Paris-based Publicis has bought Sapient. (Image: Wikimedia Commons)

    Publicis, whose attempts to merge with US group Omnicom and create the world's biggest advertising company failed earlier this year, said it had agreed to pay $25 a share for Boston-based Sapient.

    The French group said that in acquiring Sapient, its digital operations now represented more than half its business "three years before the goal set out in our strategic plan".

    The failure of the Omnicom deal, which would have created an advertising giant to overtake Britain's WPP employing 130,000 staff with annual sales of €20bn, led to a boardroom shake-up at Publicis.

    Sapient, a pioneer of Internet-based technology, had turnover of $1.36bn and profits of $85.9m in its last financial year.

    On Friday, speculation about the imminent Publicis deal pushed Sapient's shares up 2.79% to $17.32 on the Nasdaq.

    Source: AFP, via I-Net Bridge

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

    We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

    Go to: http://www.inet.co.za
    Let's do Biz