Interpublic exercises Icon Medialab investment rights

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The Interpublic Group of Cos., New York, exercised rights to invest further in Internet professional services company Icon Medialab International. This latest investment of more than $11 million is the third investment that IPG has made in the company during the last eight months. Interpublic remains Icon Medialab's largest shareholder and strategic investor with an equity interest in Icon Medialab of just less than 20%.

Copyright June 2000, Crain Communications Inc.

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