Entering text into the input field will update the search result below

Omnicom's DDB makes bigger move into Brazil with Grupo ABC buyout

Nov. 23, 2015 11:41 AM ETOmnicom Group Inc. (OMC) StockOMCBy: Jason Aycock, SA News Editor
  • DDB Worldwide (OMC +0.4%) is acquiring Grupo ABC, Brazil's biggest independent advertising/marketing communications group and one of the biggest in the world.
  • Terms weren't disclosed, though judging from past stakes in the firm the deal could crest $250M.
  • Chairman Nizan Guanaes and CEO Guga Valente will continue in their leadership roles after the deal; the two founded Grupo ABC in 2002.
  • Grupo ABC has more than 2,000 employees in 30 locations.

Recommended For You

More Trending News

About OMC Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
OMC--
Omnicom Group Inc.