PRNewser UnBeige LostRemote GalleyCat AdsoftheWorld BrandsoftheWorld more TVNewser TVSpy AppNewser 10,000 Words FishbowlNY FishbowlLA FishbowlDC MediaJobsDaily SocialTimes AllFacebook AllTwitter semanticweb.com

Publicis Closes Razorfish Deal

Catch_Fish.jpg

Well, it’s finally official. Publicis Groupe SA announced that it’s closed its $530 million acquisition of Razorfish, which in return guarantees Microsoft 6.5 million Publicis Groupe ordinary shares held as treasury shares and $286.8 million in cash paid out of Publicis Groupe’s cash reserves. This effectively gives the Redmond, WA giant a 3.3% stake in the holding company according to the release.

With the deal closed, Razorfish will now be added to the roster of VivaKi, Publicis’ media and digital umbrella that also includes Starcom MediaVest Group, Digitas and Denuo among others. David Kenny, Managing Partner of VivaKi and member of the Publicis Groupe Management Board, will be responsible for the integrating Razorfish to the fold.

More: “Publicis Snags Razorfish for $530 Million

Mediabistro Event

Find Out How To Land Your Dream Job

Job Search IntensiveLooking for guidance as you job hunt? Look no further. Join ourĀ Job Search Intensive, an interactive online event starting June 11, 2013. Over four weeks, you’ll watch live weekly webcasts featuring HR professionals, career experts, and recruiters who will share best practices for landing interviews and getting hired. Register here.