Advertising Group Dentsu’s Push to Sell Global Unit Close to Collapse
9 Articles
9 Articles
Dentsu sale of international unit falters as buyers walk away
Dentsu’s attempt to sell its international operations appears close to unravelling, after a string of potential buyers walked away from talks. As reported by the Financial Times, the process has left Hiroshi Igarashi, Dentsu president and global chief executive, facing renewed scrutiny from investors as the Japanese group weighs a turnaround plan without a sale. What’s happening with the Dentsu sale process The Financial Times reported last year…
Dentsu shares tumble 11% on reports of global sale collapse
Dentsu Group’s plans to offload its beleaguered international operations have reportedly collapsed after prospective buyers walked away from negotiations, sending its share price tumbling yesterday.The Japanese media and advertising giant had been in talks to sell its overseas business since August. Private equity firm Apollo has dropped out, while the last remaining serious potential buyer, […]
Since the summer of last year it has been known that Japanese advertising holding Dentsu wants to sell its business outside the home market. This does not seem to work, reports the "Financial Times".
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