Interpublic Announces Sale of Huge
06 December 2024 - 3:00AM
Interpublic Group (NYSE: IPG) announced today that it has sold the
digital company Huge. Huge has been acquired by AEA Investors, a
leading global private investment firm, and is joining forces with
Hero Digital, an existing AEA portfolio company. Terms of the deal
are not being disclosed.
“We’re pleased for the team at Huge and look forward to seeing
the next phase for this storied digital brand as the company
continues its evolution under new ownership,” commented Philippe
Krakowsky, CEO of Interpublic.
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About InterpublicInterpublic (NYSE: IPG) (www.interpublic.com)
is a values-based, data-fueled, and creatively-driven provider of
marketing solutions. Home to some of the world’s best-known and
most innovative communications specialists, IPG global brands
include Acxiom, Craft, FCB, FutureBrand, Golin, Initiative, IPG
Health, IPG Mediabrands, Jack Morton, KINESSO, MAGNA, McCann,
Mediahub, Momentum, MRM, MullenLowe Global, Octagon, R/GA, UM,
Weber Shandwick and more. IPG is an S&P 500 company with total
revenue of $10.89 billion in 2023.
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Contact InformationTom Cunningham (Press) (212) 704-1326
Jerry Leshne (Analysts, Investors) (212) 704-1439
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