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Publicis in $1.3bn bid for Digitas

By Adam Jonesin Paris

Financial Times, Dec 21, 2006

Publicis last night launched a $1.3bn friendly takeover bid for Digitas, a US specialist in online advertising and other forms of digital and interactive marketing.

Maurice Lévy, Publicis chairman and chief executive, said the deal was a reflection of the speed with which advertising was moving to the web from traditional media such as newspapers and TV.

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