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> Grey Global Group Up For Sale
Critter
post Jun 28 2004, 08:12 AM [ Post #1 ]


Christopher Paige
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AdAge.com
Grey is a fraction the size of Omnicom Group, WPP, Interpublic Group of Cos. and Publicis, the top four agency holding companies by revenue. But Grey's stock has outperformed all four since the ad market began to rebound in May 2002. Grey ranks No. 7 globally, with revenues up 9% to $1.3 billion in 2003 on net income of $29 million. It employs around 10,000 worldwide and had U.S. revenues of $547 million in 2003.


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post Sep 13 2004, 12:26 PM [ Post #2 ]


Christopher Paige
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LONDON (Reuters) - British advertising firm WPP has agreed to buy smaller U.S. rival Grey Global for $1.31 billion, equally divided in cash and shares, to put it on par with industry leader Omnicom.
 
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