MPG For Sale Yesterday But Not Today

Oh, those acquisition rumors. Don't you love them? Yesterday, the New York Times reported Havas media services agency MPG had received an offer for a 49 percent stake in the company. Well, today, it's all being denied.

"We've had no offer" for MPG, said Havas spokesman Simon Gillham, and clarifying, "absolutely none of MPG in any form, whole or tiny parts, is for sale" because "it's part of our core business."

Havas has had some financial turbulence lately reporting some losses last quarter and perhaps wants to keep rumors quite even if there's a chance they may be true. It's so easy to plant a story and then deny it and you never really now what's true until after it's all done.

by Steve Hall    Mar-16-04   Click to Comment   

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