In a potential precursor to acquisition, the publisher will collaborate with Stagwell agencies on client pitches and media offerings across Asia-Pacific as part of its regional growth strategy.
Emboldened by the Stagwell-MDC merger, Toby Southgate wants to see F&B get bigger and better, but not at any cost.
The newly combined holding company grew net organic revenue by 22.8% to $498 million.
The company finalized its merger with MDC Partners following approval from shareholders at the end of July.
The combined company will have global revenues of $2.1 billion and be renamed Stagwell Inc.
Indaba Capital Management says the deal’s terms favor Stagwell.
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