Jun 26

Mark Penn’s Stagwell Group Proposes Merger With MDC Partners

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Mark Penn may be on the cusp of consolidating his advertising empire. Stagwell Group, the holding company founded by Microsoft alum Penn in 2015, has proposed a merger with MDC Partners, where Penn serves as CEO. Stagwell Group executives delivered a letter proposing the merger to the MDC Partners board of directors on Thursday. MDC…

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