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AKQA to Be Acquired by WPP
As reported in Reuters, the Financial Times and other media outlets, AKQA Holdings, Inc. agreed to be acquired by global advertising agency WPP plc. AKQA is the world's leading independent digital agency and holds 19 "Agency of the Year" titles. AKQA will operate as an independent and stand-alone brand within WPP, and will be led by founder and CEO Ajaz Ahmed and Chairman Tom Bedecarré. Paul, Weiss advised AKQA and its principal shareholders, funds affiliated with General Atlantic LLC, in this transaction.
The Paul, Weiss team included corporate partners Matthew W. Abbott and Neil Goldman; tax partners Richard J. Bronstein and David W. Mayo; finance partner Dale M. Sarro; employee benefits partner Robert C. Fleder and counsel Reuven Falik; IP counsel Claudine Meredith-Goujon; and antitrust counsel Didier Malaquin.