Report: Omnicom, Publicis merger deal threatened by power struggle

Personal battles over position and power are threatening the planned merger of equals by ad firms Omnicom (OMC) and Publicis (PUBGY), as sources say frayed personal relationships - in addition to legal and tax issues in Europe - are delaying the completion of the deal, first announced last summer.

Among various conflicts, the two sides haven't yet agreed on which company will be the legal acquirer of the other, and they disagree over who will fill the CFO position and other senior jobs.

In recent days, the companies have been sending starkly different messages about the status of the merger - to the extent that the CEO of rival WPP (WPPGY) says the deal is doomed.

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    , contributor
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    Too many wanna-be Don Drapers and not enough Peggys
    25 Apr 2014, 05:32 PM Reply Like
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