Mark Penn's Stagwell Group Proposes Merger With MDC Partners

Penn took over as MDC Partners CEO following a 2019 investment


Mark Penn may be on the cusp of consolidating his advertising empire.

Stagwell Group, the holding company founded by Microsoft alum Penn in 2015, has proposed a merger with MDC Partners, where Penn serves as CEO. Stagwell Group executives delivered a letter proposing the merger to the MDC Partners board of directors on Thursday.

MDC Partners includes agencies such as 72andSunny, Anomaly, Assembly, Colle McVoy, Crispin Porter + Bogusky, Doner, Forsman & Bodenfors and mono.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

Cyber Monday Offer: Use Promo Code "SAVE25" on an Annual Subscription to Save 25%

View Subscription Options

Already a member? Sign in