Post Death Knell: Wachovia Selling To Citibank Or Is It Wells Fargo? - mediabistro.com: AgencySpy

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Friday, Oct 03

Post Death Knell: Wachovia Selling To Citibank Or Is It Wells Fargo?

Citibank is pissed yo. The bank was all set to take over Wachovia when Wells Fargo muscled in on the deal. Over night Well Fargo, whose agency of record is DDB, agreed to pay $15bn for the entirety of Wachovia over the $2.16bn from Citi. The bank has called their rivals move "tortious interference."

Maybe Ogilvy still has a shot?

More: Boutique Call: Stir

Posted by superspy | 12:39 PM | DDB| Oglivy

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