US EditionHavas CEO Yannick Bolloré Denies WPP Deal Rumors
10 Articles
10 Articles
Havas CEO Yannick Bolloré Flatly Denies Talks With WPP, Cooling Takeover Rumours After Sharp Share Rally
Havas Chairman and CEO Yannick Bolloré has firmly rejected speculation that the French advertising group is in discussions with WPP about taking a stake in the British holding company—bringing an abrupt halt to a weekend of takeover chatter that had sent WPP’s shares soaring. In an internal memo cited by Bloomberg and other outlets, Bolloré addressed the surge in questions from employees and clients following media reports that Havas, controlled…
The rumours multiplied around a possible rapprochement between Havas and WPP, fuelled by articles suggesting that the French group could consider minority participation within the British giant. While WPP is going through a period of stock exchange fragility—its valuation reached only around £3 billion—these assumptions had quickly found an echo in the market, reinforcing the idea of an opportunity window for Havas. Yannick Bolloré wanted to cla…
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