Interpublic Reveals $1.5bn Spending Spree in 2000

02 April 2001

The Interpublic Group of Companies spent $1.582 billion in acquiring seventy-seven companies last year.

The group’s annual report revealed that the company spent $500m in cash and issued 26.8m shares of common stock in its purchasing spree.

Also disclosed were the company’s five biggest clients, between them accounting for around 15% of Interpublic’s total revenue: General Motors, Nestlé, Unilever, Johnson & Johnson and Coca-Cola.

News source: Advertising Age - Daily Deadline