? While the City chatters about the potential fate of the Interpublic Group, the McCann World group is still acquisitive. It was reported that the company has sealed a deal to acquire Boede and Partners, a US-based advertising group focussed on technology companies. Numbers, though, were not mentioned.
? Aegis has ruled itself out of a tie-up with Havas. Doug Flynn, Aegis’ chief executive, dismissed rumours of an Aegis-Havas merger during a CSFB media presentation – although the two businesses may participate in a joint venture. During the presentation, Flynn repeatedly denied plans for a large merger, specifically saying the company had no plans for a “very large acquisition”, and had “no expectation the shape of the company is going to change”.
When asked specifically whether Aegis would participate in a large deal in the wake of the WPP/Grey Global announcement, Flynn said, “I think there’s a stage where enough is enough.” He later added the company did not anticipate using a significant amount of its cash for acquisitions.
Flynn explained that Aegis’ smaller businesses were the ones growing the fastest and the company planned to make bolt-on acquisitions for its Vizeum, Isobar, and Synovate businesses. When asked whether management expected Aegis to be an independent in five years, Aegis CFO Jeremy Hicks said Aegis was perfectly happy as an independent but, of course, if someone wanted to write a large check, the company would be happy to accept it.
? However, one media group that could be looking to buy is Publicis. It was reported that Publicis chairman Maurice Levy expects the Indian market to grow faster than the Chinese and the French conglomerate is planning to increase its presence in the country more than 300% within the next three years.