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Bain Capital is negotiating to buy a majority stake in WPP's Kantar research arm, a transaction that is a linchpin of CEO Mark Read's transformation plan at the unwieldy ad/research combine.
WPP said the transaction values Kantar in the $4B range.
The proposal is "subject to negotiation" and "there is no certainty that these discussions will result in a transaction involving Kantar."
WPP on July 1 announced the sale of its minority interest in Chime Group Holdings, the sports & entertainment communications firm, to majority shareholder Providence.
That transaction is pegged at $65M with additional payments geared to the future value of Chime growth.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
