Publicis Groupe finalises $4bn deal to acquire Epsilon

Epsilon Chief Executive Bryan Kennedy will continue to lead and will report to Publicis CEO and Chairman Arthur Sadoun

e4m by exchange4media Staff
Updated: Jul 3, 2019 8:33 AM
Publicis

Publicis Groupe has finalised a $4.4 billion deal to acquire Epsilon, as per media reports. 

Epsilon Chief Executive Bryan Kennedy will continue to lead while joining the Publicis Groupe Executive Committee. He will be reporting to Publicis CEO and Chairman Arthur Sadoun.

"This is an important day for us," Sadoun was quoted as saying.

Publicis will start providing Epsilon’s services to its US clients and other international clients will be provided access to its services in the coming months.

“We are very pleased to have finalised the closing of the Epsilon acquisition in record time, at a very compelling price, creating immediate value for our shareholders. This acquisition completes our sets of assets harmoniously, with data capabilities that are second to none, and propels the Groupe as the global leader of personalized experiences at scale. With the addition of Epsilon’s capabilities in data to our existing creative, media and technology firepower, we have all the necessary assets and talent to help our clients leapfrog their competition and grow profitably, in a data-led, digital-first world. Our clients will benefit from a seamless, end-to-end service to solve all their marketing and transformation challenges across creative, media, data and technology,” Sadoun told media groups.

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