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Stagwell revenue jumps 33% in Q2 prweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweek.com Daily Mail and Mail on Sunday newspapers.
MDC Partners shareholders approve merger with Stagwell prweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweek.com Daily Mail and Mail on Sunday newspapers.
MDC and Stagwell principal Mark Penn. MDC Partners and Stagwell Group have reached an agreement to combine into a top 10 global marketing services company after MDC’s board approved the transaction, the two networks said on Monday. Mark Penn, chairman and CEO of MDC and managing partner of Stagwell, would serve as chairman and CEO of the combined company, with a management team consisting of executives from the two networks. Stagwell and its affiliates are expected to hold 79% of the combined company’s common equity when the transaction closes, the two networks said in a statement. The combined holding company, which will have 8,600 employees in 23 countries, is planning to invest in expanded services globally and digital marketing products. The network is targeting 5%-plus annual organic growth, driven by a 10% to 15% increase in digital marketing growth and complementary capabilities, as well as more than 9% total annual revenue growth, with a goal of more ....
MDC Partners, Stagwell reach agreement to combine Former top Clinton adviser and Microsoft chief strategy officer Mark Penn will serve as chairman and CEO of the combined network. by Frank Washkuch Free email bulletins ....