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NEW YORK–Deutsch, the last of the big independent U.S.-based ad agencies, has agreed to be acquired by Interpublic Group of Cos., executives close to the talks confirmed.
The deal is valued between $250-300 million, sources said, and calls for Deutsch to remain a stand-alone entity under IPG, alongside McCann-Erickson Worldwide and Lowe Lintas Worldwide. The agreement, which will likely be signed later today, gives New York-based Deutsch, which also has offices in Los Angeles, Boston and Chicago, the opportunity to expand globally.
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