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Combination News

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February 23, 2021 

Cheddar: Marketing Merger Makes MDC Even More Dominant
MDC Partners has reached a deal to combine with The Stagwell Group to bring its high-profile clients the best possible experience. Mark Penn, Chairman and CEO of MDC Partners and the President and Managing Partner of The Stagwell Group, joined Cheddar to discuss the deal.
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January 22, 2021

The PR Week: 1.22.2021: Mark Penn, MDC and Stagwell
Mark Penn, MDC and Stagwell principal, joined PRWeek’s Frank Washkuch and Diana Bradley to chat about the MDC-Stagwell merger, new SaaS product PRophet, and the Biden team’s comms strategy.
Listen to the podcast >

January 14, 2021

Yahoo Finance: Mark Penn on the MDC Partners-Stagwell Group combination
Mark Penn — chairman and CEO of MDC Partners — joins Yahoo Finance Live to discuss MDC’s recent merger with Stagwell Group, as well as his insights on the current state of politics and big tech.
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December 29, 2020

Business Insider: Mark Penn is merging advertising networks MDC Partners and Stagwell Group. The CEO reveals how the combined company will take on bigger rivals like WPP and Accenture.
Advertising company MDC Partners and marketing network Stagwell Group agreed to merge this month, forming one of the top 10 advertising holding companies.
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December 24, 2020

Fox Business: MDC Partners CEO on Stagwell merger
“This merger brings together incredible creative talent along with digital and technology talent that works for the modern consumer and the modern marketer.”
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December 22, 2020

Ad Age: Mark Penn on What to Expect from the MDC Partners-Stagwell Group Merger
Stagwell and MDC say the merged business will have an estimated pro forma revenue of about $2.1 billion for 2020.
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December 22, 2020

MediaPost: MDC Partners, Stagwell Enter Definitive Agreement to Merge
MDC Partners and Stagwell, both led by Mark Penn have entered into a definitive agreement to merge, subject to various approvals, including a thumbs up by a majority of MDC Partners shareholders and regulatory and stock exchange approvals.
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December 22, 2020

O’Dwyer’s: Stagwell, MDC Shoot for $3B Revenues Mark
Stagwell Group and MDC Partners have ironed out a definitive merger agreement to form what CEO Mark Penn calls a $2B “transformative” marketing services company with 8,600 employees in 23 countries.
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December 22, 2020

Campaign US: MDC-Stagwell will take on ‘bloated and outdated’ holding companies
The combination of MDC Partners and Stagwell Group, announced late Monday, will create a global challenger to the “bloated and outdated” holding company networks that have dominated the industry for so long despite their inability to adapt.
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December 21, 2020

Adweek: MDC Partners and Stagwell Group Agree to Merge
MDC Partners and marketing consultancy Stagwell Group, both led by Mark Penn, have agreed to merge, according to the two companies.
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