Finance

Surprise as Murdoch pulls $80bn Time Warner takeover

With Ruper Murdoch what you see is usually what you get. While the old boy is capable of springing big surprises from time to time, they’re always in character. But his decision to pull 21st Century Fox’s $80bn bid for ...

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Global boss Gwyn Jones steps down at BBH

The changing of the guard continues apace at BBH, now wholly-owned by Publicis Groupe, but it’s still a surprise to see group CEO Gwyn Jones (left) stepping down after just a couple of years (albeit with 27 years at the ...

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Ocean Outdoor buys Midlands rival Signature

Ocean Outdoor has significantly strengthened its position in Birmingham and the West Midlands with the acquisition of premium large format poster firm Signature Outdoor for a reported £15m. Signature’s co-founders, Gerry Bew and Steve George will join Ocean’s executive team, ...

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Is Lake Capital’s takeover of Engine a done deal?

The deal between Terry Graunke’s (left) Lake Capital and the UK’s Engine Group looked a bit rushed – or the announcement of it anyway – and maybe some of the reasons are emerging. Campaign reports that former employees of the ...

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Omnicom tops up takeover war chest with $2.5bn

We noted the other day that WPP had borrowed a large slug of money over 30 years at 5.6 per cent (we don’t know how much) and now it emerges that rival Omnicom (left) has renewed a $2.5bn credit facility ...

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Engine sells to Hollywood powerhouse for £100m

Chicago-based private equity firm Lake Capital is buying Peter Scott’s Engine Group; the company that owns WCRS, US-based digital agency Deep Focus and social media agency Jam among others. The price is said to be £100m. Lake Capital is buying ...

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