IPG turns down bid for MullenLowe: Reports
Reports have quoted IPG as saying that the offer was not credible and that it was an ‘unsolicited approach’
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Published: Jun 28, 2024 12:27 PM | 1 min read
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The Interpublic Group of Companies has rejected a bid to acquire MullenLowe, media networks have reported.
As per reports, IPG had termed the bid as an investor's 'unsolicited approach'.
While some reports suggested that the buyer was from Eastern Europe, others have taken names like Dmitry Korobkov, formerly associated with Russia's ADV agency network.
IPG has been quoted as saying that the offer was not credible.
The development comes close on the heels of IPG reportedly considering selling its digital marketing agency R/GA to Tata Consultation Services.
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