×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

WPP confirms Young & Rubicam deal

Published on .

Most Popular
WPP Group, London, confirmed Friday the most poorly kept secret of the year: It is acquiring Young & Rubicam Inc. in a $4.7 billion stock deal. WPP Group adds Y&R to its stable of thoroughbred agencies, including Ogilvy & Mather Worldwide and J. Walter Thompson Co. On a pro forma basis, the entire group had 1999 revenues of $5.2 billion. When the transaction is completed, Thomas D. Bell will be chairman of Y&R, and Michael Dolan will be CEO of the company. Effective immediately, Ed Vick is chairman-CEO of Y&R Advertising.
In this article: