Ad Giants Omnicom, Publicis to Merge

    Maurice Levy, left, Chief Executive of French advertising group Publicis, and John Wren, head of Omnicom Group exchange a pencil during a joint signature prior to a news conference in Paris, France, Sunday, July 28, 2013. Publicis and Omnicom have announced merger plans to create the world's biggest advertising group . (AP Photo/Francois Mori)

    Francois Mori/AP

    Hopefully they will have an easier time coming up with a name than Sterling Cooper. Advertising agencies Omnicom Group and Publicis Groupe announced on Sunday that they will merge, forming the world’s largest advertising agency. Paris-based Publicis and New York-based Omnicom brought in a combined $22.7 billion last year, and the combined group, Publicis Omnicom Group, will have a valuation of $35.1 billion. Publicis CEO Maurice Lévy and Omnicom’s John Wren will act as co-CEOs for the next 30 months, then Lévy will be the non-executive chairman and Wren the CEO.

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