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