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VisitKKR to Acquire FGS Global from WPP for $775 Million, Valuing Firm at $1.6 Billion
Aug 7, 2024, 06:06 AM
KKR is reportedly nearing a deal to acquire a controlling stake in FGS Global, a corporate public relations firm, from WPP for $775 million. The transaction values FGS Global at approximately $1.6 billion. The acquisition will enable FGS Global to operate as a standalone communications and public affairs consultancy. This move is part of KKR's strategy to support the long-term growth of FGS Global. WPP, a British advertising group, agreed to sell its controlling stake to KKR, which is a minority shareholder in FGS Global.
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Markets
Yes • 50%
No • 50%
FGS Global's official financial reports and statements
No • 50%
Yes • 50%
Official announcements from KKR, WPP, or FGS Global, and financial news outlets
No • 50%
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Stock market data from financial news outlets and stock exchanges
Remain standalone • 25%
Other • 25%
Rebrand • 25%
Merge with another entity • 25%
Official announcements from FGS Global and industry news
$1.6 billion to $1.8 billion • 25%
Above $2 billion • 25%
Below $1.6 billion • 25%
$1.8 billion to $2 billion • 25%
Financial reports and market analysis from reputable sources
No further acquisitions • 25%
Another PR firm • 25%
Advertising agency • 25%
Digital marketing firm • 25%
Official announcements from KKR and financial news outlets