Publicis stock buyback ends 10-year alliance

02/19/2012 | New York Times (tiered subscription model), The

A Publicis Groupe buyback of 18 million of its own shares from Dentsu for $848.5 million effectively ends a 10-year-old partnership. The move disentangles Dentsu as well as its agencies McGarryBowen, 360i and Firstborn from Publicis and removes Dentsu execs from the Publicis board.

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New York Times (tiered subscription model), The

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