(Reuters) -Britain's competition regulator said on Wednesday it would not refer the $13.25 billion merger between advertising giants Omnicom group and Interpublic Group to an in-depth phase 2 probe.
UK Regulator Approves Omnicom's $13.25 Billion Acquisition of Interpublic
Regulatory Approval for Omnicom and Interpublic Merger
(Reuters) -Britain's competition regulator said on Wednesday it would not refer the merger between Omnicom and Interpublic to an in-depth phase 2 probe, clearing the way for the creation of the world's largest advertising and marketing agency.
Details of the Merger Deal
Omnicom struck the $13.25 billion all-stock deal for rival Interpublic in December last year. The deal is expected to close in the second half of 2025.
Regulatory Scrutiny and Conditions
The Competition and Markets Authority launched its initial probe into the merger in June to assess if the deal could lead to a reduction in competition in the UK market.
Company Responses
The deal was cleared by the U.S. FTC in late June on the condition that the new company does not enter agreements with others to steer ad dollars towards or away from publishers based on political content.
Omnicom and Interpublic did not immediately respond to requests for comment.
(Reporting by Unnamalai L in Bengaluru; Editing by Shailesh Kuber and Arun Koyyur)
