“We are pleased to announce that we have reached a definitive agreement to acquire Interpublic Group in a stock-for-stock transaction,” Omnicom announced on its social media accounts. It added that the transaction is expected to close in the second half of 2025.
The combined company, which had combined revenues of $25.6 billion in 2023, will bring together the industry’s most prominent marketing talent and the moj phone number data broadest and most innovative services and products, powered by the most advanced sales and marketing platform,” the two companies report.
In addition, the CEOs of both companies spoke out in the same publication.
“Now is the perfect time to unite our technologies, capabilities, talent and geographies to deliver superior data-driven results to clients. We are thrilled to welcome Philippe and the entire Interpublic team to the Omnicom family,” said John Wren, CEO of Omnicom.
Philippe Krakowsky, CEO of Interpublic, added: “By joining with Omnicom, we are creating a unique portfolio of services that will make us the most powerful marketing and sales partner in a rapidly changing world.”
According to A Age, the combined entity, which will have more than 100,000 employees, will retain the Omnicom name and trade under the symbol OMC on the New York Stock Exchange, according to a statement from both companies. The deal, which will be all-stock, is expected to generate $750 million in annual cost synergies.
John Wren will remain president and CEO of Omnicom, and Phil Angelastro will remain chief financial officer. IPG CEO Philippe Krakowsky and Omnicom COO Daryl Simm will serve as co-presidents and chief operating officers of Omnicom. Krakowsky will also serve as co-chair of the post-merger integration committee.
