Omnicom (NYSE: OMC), a leading global marketing and corporate communications company, has announced it has agreed to acquire Flywheel Digital, the digital commerce business of Ascential (LSE: ASCL.L), for a net cash purchase price of approximately US$835 million. Flywheel’s services enable top brands to sell more goods more efficiently across hundreds of digital marketplaces, such as Amazon, Walmart, and Alibaba.
Latham & Watkins LLP represents Omnicom Group in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Jason Morelli, with associates Alice Bradshaw and Grace Kim. Advice was also provided on tax matters by Washington, D.C. partner Nick DeNovio; on intellectual property matters by New York partner Jeff Tochner; on employment and benefits matters by Washington, D.C. partner David Della Rocca; on litigation matters by New York partner Jeff Hammel; on UK corporate matters by London partner Sam Newhouse; and on antitrust matters by Washington, D.C. partner Farrell Malone and Brussels partner Héctor Armengod.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
