Sunday, August 9, 2009

Breaking: Publicis buys Razorfish

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.

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