Advertising and marketing conglomerate Omnicom Group is in talks to acquire Interpublic Group in an all-stock deal that would likely value Interpublic at $13 billion to $14 billion, excluding debt. About. The Wall Street Journal reported Sunday.
The deal, which would be Madison Avenue's largest to date, could be announced as early as this week, the report said, adding that the exact terms of the deal being discussed were not known.
Omnicom and Interpublic did not immediately respond to Reuters' requests for comment outside business hours.
New York-based Omnicom competes with Interpublic Group of Companies and Britain's WPP and is one of the world's largest integrated advertising and communications companies with more than 5,000 customers.
Interpublic, which has customers in sectors ranging from health care to retail, had a market value of about $10.9 billion as of Friday, and its stock price has fallen 10% since the beginning of the year to $29.48.
