Hotlines: Late-Breaking Industry News

Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.

MDC Takes 77% Stake in Crispin, Full Ownership of Kirshenbaum

NEW YORK MDC Partners’ announcement last week that it was taking a majority stake in Crispin Porter + Bogusky follows by two weeks the holding company’s quieter increase to full ownership of Kirshenbaum Bond + Partners. Crispin is now 77 percent owned by the Toronto-based MDC, which bought a 49 percent stake in the shop in 2004. Crispin has offices in Miami and Boulder, Colo. MDC paid a total of $48 million for the equity increases in Crispin and Kirshenbaum.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in