Paris-based advertising group Publicis has confirmed 1 hour ago that it has purchased Razorfish, the digital agencies network, from Microsoft for 530 million dollars, in cash and shares (this makes Microsoft the owner of about 3% of the Groupe by the way...), with an agreement to purchase ad inventory from Microsoft online properties in the years to come.
Publicis Groupe now owns the #1 (Digitas) et #2 (Razorfish) digital agency networks in the world. It is in line to generate 25% of this year's revenue from digital communications.
Razorfish will be included in the VivaKi agency line-up.
Official press release here.
