The two parties have been in talks for more than two years, but differences of opinion on both sides have applied the brakes to a proposed equity deal, according to a Y&R source.
The Upper Storey's owner Prakash Kamdar declined to comment.
The eight-year-old agency is one of Singapore's most highly regarded digital shops. It has 50 staff and key clients include Nokia, Nikon and Sony.
Y&R acquisition talks with The Upper Storey fall through
SINGAPORE - Lengthy acquisition negotiations between WPP network Y&R and Singaporean digital agency The Upper Storey have fallen through.
