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Publicis Buys Wcube In Continuing Digital Agency Acquisition Race

By Robert Andrews - Wed 12 Sep 2007 08:52 AM PST

Like WPP, advertising group Publicis Groupe (NYSE:PUB) continues to snap up digital agencies to bolster its online activity, this time buying Paris-based interactive house Wcube for an undisclosed sum. Wcube will be renamed Publicis Modem France. In December, Publicis bought ad network Digitas for $1.3 billion and, expanding Digitas’ Boston-based Modem subsidiary, is setting about growing the Publicis Modem digital imprint internationally. In June, it bought French agency Business Interactif for $182 million before acquiring China’s largest independent ad agency, Communication Central Group (CDG), a month later. Then last month the group bought Parisian mobile ad operator Phonevalley.

Wcube was founded in 1995 and its clients inclide Sprite and Jean-Paul Gaultier, with 60 employees. This means Publicis Modem has offices in San Francisco, London, New York, Connecticut and Paris, and a press release says
the global expansion will continue

Posted in: Advertising, Marketing, Money, M&A, Publicis



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paidContent:UK covers the business of digital media for the U.K. and European markets.

Robert Andrews
U.K. Editor

Staci D. Kramer
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Dianne See Morrison
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