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The Leap Group’s sale of the bulk of its One World Communications subsidiary to Young & Rubicam is being held up by legal wrangling that could derail the deal, according to the company’s quarterly report.
Leap in July announced it had reached an agreement to sell to Y&R its Asian American agency, Kang & Lee, and the AT&T business of YAR Communications, all of which Leap had grouped under the One World unit. The sale price was estimated by sources at $10-15 million.
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