Mergers & Acquisitions

MDC Partners and Stagwell Group Agree to Merge

Mark Penn has led both companies since investing in MDC last year

A letter from Indaba managing partner Derek Schrier claimed that MDC and Stagwell chief Mark Penn had "all the incentives to root for Stagwell" and that he could "make a fortune" from the merger.MDC Partners
Headshot of Minda Smiley
By Minda Smiley

December 21, 2020

MDC Partners and marketing consultancy Stagwell Group, both led by Mark Penn, have agreed to merge, according to the two companies.

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Minda Smiley

Minda Smiley is deputy Agencies editor at Adweek.

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