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Article: Publicis Groupe SA completes acquisition of Razorfish.
- Article from:
- Telecomworldwire
- Article date:
- October 14, 2009
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TELECOMWORLDWIRE-14 October 2009-Publicis Groupe SA completes acquisition of Razorfish(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
Communications group Publicis Groupe SA (Euronext Paris:FR0000130577) reported on Wednesday that it has completed its acquisition of Razorfish in exchange for 6.5m Publicis Groupe ordinary shares (treasury shares) and USD286.8m in cash.A Publicis Groupe purchased Razorfish from software giant Microsoft Corp (NASDAQ-NMS:MSFT).A As a result of this acquisition Microsoft has a 3.3% stake in Publicis Groupe.A Following the transaction Razorfish will be a wholly-owned subsidiary of Publicis Groupe and will be part of VivaKi, the ...
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