The details of the merger between French advertising group, Publicis, and privately-owned US agency, BCom3, have been confirmed by Publicis in an analysts meeting in Paris this morning (see Publicis And BCom3 Poised For Merger). The deal is valued at Â3.4 billion.
The merged company will be the fourth largest advertising network in the world and the second largest media planning and buying network. About 45% of its revenues will come from the US, with 24% from Europe and 31% the rest of the world.
The tie-in with Dentsu also gives Publicis access to the Japanese market and clients – the two intend to ‘share knowledge, research and learning’. Dentsu is to take a 15% equity ownership of Publicis under the terms of the deal.