Overview
- Interpublic shareholders received 0.344 Omnicom shares per IPG share, leaving legacy Omnicom holders with about 60.6% of the combined company and legacy IPG holders with about 39.4%.
- The combined group reports roughly $25–26 billion in revenue and a workforce exceeding 100,000, with total billings near $75 billion.
- The FTC approved the transaction with an order prohibiting collusion or coordination to divert or withhold ad spend based on publishers’ political or ideological viewpoints.
- John Wren remains chairman and CEO, Phil Angelastro stays CFO, and Philippe Krakowsky and Daryl Simm become co-presidents and COOs, with the full leadership slate due December 1.
- Management targets about $750 million in synergies and says the new operation is powered by Omni, its advanced intelligence platform.