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US: Advertising giants earn one more merger blessing

 |  November 3, 2013

Major advertising conglomerates Publicis and Omnicom have received clearance for their proposed merger by US authorities Friday, adding yet another regulatory blessing for the deal.

France-based Publicis and US-based Omnicom have received clearance for their combination by authorities within China, India, Turkey, South Africa and South Korea, say reports.

The companies still have to earn clearance from 16 jurisdictions in 46 countries, however, as well as shareholder approval.

Should clearance be granted, the companies could become the world’s largest marketing firm with a combined revenue of $23 billion, reports say.

Full content: PR Week US

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