Three days after awarding a team of agencies owned by the WPP Group its creative and media assignments, Wachovia suspended the decision when word came out it was being purchased by Citigroup.
Three days after awarding a team of agencies owned by the WPP Group its creative and media assignments, Wachovia suspended the decision when word came out it was being purchased by Citigroup.
The world’s second-biggest advertising and marketing company plans to move because of punitive changes to the British tax regime.
The British market research company Taylor Nelson Sofres rejected again a hostile bid from the WPP Group, but analysts said the company would have difficulty evading WPP.
Because there are usually lower fees, buying off exchanges tends to be cheaper — though more labor-intensive — than buying through networks.
WPP Group, the advertising and marketing company, said it had made a hostile bid for the British market research company Taylor Nelson Sofres.
Ad executives are expressing a growing fear that Web powerhouses like Google and Microsoft want to extend their reach into traditional advertising.