The UK CMA clears Omnicom's $13B acquisition of rival Interpublic after launching an investigation into the deal on June 23; the FTC cleared the deal on June 25 (Ian Walker/Wall Street Journal)
203d ago
Technology
Techmeme
The UK's Competition and Markets Authority (CMA) has approved Omnicom's $13 billion acquisition of rival Interpublic. The decision follows an investigation launched on June 23rd, which considered whether the deal would substantially reduce competition. The U.S. Federal Trade Commission (FTC) had already cleared the acquisition on June 25th, paving the way for the merger of the two advertising giants.