The Competition Commission of India (CCI) has approved Omnicom Group’s proposed $13.3 billion acquisition of The Interpublic Group of Companies (IPG).
A detailed order will be issued subsequently, as per media reports.
As part of the transaction, EXT Subsidiary, a wholly owned unit of Omnicom, will merge into IPG, which will subsequently become a wholly owned subsidiary of Omnicom.
IPG shareholders will receive 0.344 shares of Omnicom common stock for each IPG share they own, as per the terms of the agreement. Once the deal is finalised, Omnicom shareholders will hold roughly 60.6% of the merged company, with IPG shareholders owning the remaining 39.4%.
The transaction is slated to close in the second half of 2025, pending necessary regulatory approvals.
Omnicom’s Chief Executive, John Wren, will head the merged entity, while IPG’s CEO Philippe Krakowsky will take on the role of Co-President and Co-Chief Operating Officer.
The deal represents a major consolidation in the global advertising and marketing industry, creating the world’s largest integrated communications group. In the Indian market, it will emerge as the second-largest advertising and marketing communications firm, following WPP.
