The Chinese MOFCOM reviews a merger in the communication sector, before it is called off because of the length of the merger control review process (Publicis / Omnicom)

This article has been nominated for the 2015 Antitrust Writing Awards. Click here to learn more about the Antitrust Writing Awards.

Advertising giants Omnicom Group and Publicis Groupe called off their US$35 billion merger on May 8, 2014, terminating a transaction that would have created the largest advertising company in the world. Publicis chairman, Maurice Lévy, and Omnicom CEO, John Wren, said in a joint statement, “The challenges that still remained to be overcome, in addition to the slow pace of progress, created a level of uncertainty detrimental to the interests of both groups and their employees, clients and shareholders. We have thus jointly decided to proceed along our independent paths. We, of course, remain competitors, but maintain a great respect for one another.” [1] While there were a number of reasons the deal collapsed nine months after it was announced, merger clearance—notably delays in securing

L'accès à cet article est réservé aux abonnés

Déjà abonné ? Identifiez-vous

L’accès à cet article est réservé aux abonnés.

Lire gratuitement un article

Vous pouvez lire cet article gratuitement en vous inscrivant.

 

Version PDF

Auteurs

Citation

Rebecca H. Farrington, Noah A. Brumfield, George Paul, The Chinese MOFCOM reviews a merger in the communication sector, before it is called off because of the length of the merger control review process (Publicis / Omnicom), 9 mai 2014, e-Competitions May 2014, Art. N° 67163

Visites 255

Tous les numéros

  • Latest News issue 
  • Tous les News issues
  • Latest Special issue 
  • Tous les Special issues