The US Federal Trade Commission (FTC) has cleared a major hurdle for Omnicom Group’s proposed acquisition of Interpublic Group, a leading advertising industry merger. The deal, valued at $8.93 billion, would bring together two of the world’s largest advertising holding companies.
Interpublic Group, with annual revenue of $9 billion and strong financial health, has reached an agreement with the FTC on a consent order to address antitrust concerns. The order will be subject to a 30-day public comment period before final acceptance.
Omnicom Chairman and CEO John Wren described the development as “a notable step forward” in the process of combining their companies. Interpublic CEO Philippe Krakowsky also welcomed the move, saying it marks an important step toward completing the acquisition.
The transaction would create a more comprehensive range of marketing services incorporating creative capabilities and technology solutions. The combined company would serve over 5,000 clients in more than 70 countries.
Meanwhile, Interpublic Group reported its first-quarter earnings for 2025, surpassing Wall Street expectations. The company achieved an adjusted earnings per share of $0.33 and reported revenue of $2 billion. This performance suggests a stronger-than-anticipated start to the year despite challenging market conditions.
Source: https://in.investing.com/news/company-news/ftc-clears-omnicoms-acquisition-of-interpublic-with-consent-order-93CH-4885951