Wednesday, Publicis Groupe SA (PUBGY.PK) announced the completion of its acquisition of Razorfish. The transaction was subject to customary closing conditions. Razorfish will be a wholly-owned unit of Publicis Groupe and will be organizationally part of VivaKi, ZenithOptimedia, Denuo, Digitas and VivaKi Nerve Center, the company added.
Publicis Groupe stated that it has acquired the Razorfish group from Microsoft in exchange for 6.5 million Publicis Groupe ordinary shares held as treasury shares and US$ 286.8 million in cash was paid out of its cash reserves. The company said this gives Microsoft a 3.3% stake in Publicis Groupe.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.