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Publicis Groupe CEO Maurice Levy (shown) is making good on his vow to ramp up operations in Asia, as the French holding company today said it has acquired a majority stake in two India-based agencies.
They are: 20:20 Media, a technology communications specialist, and 2020Social, a social media consultancy. The shops will become units of Publicis’ events and PR network, MS&L Group. Financial terms were not disclosed.
20:20 Media and 2020Social — employing more than 150 staffers combined and operating in several major Indian cities — will operate independently alongside MS&L’s existing in-market shop, Hanmer MS&L, a 400-person PR and communications network.
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