BORDER LINES: MARYLAND - Havas buys Snyder in biggest deal

Snyder Communications, the parent company of Arnold PR, has been acquired by French advertising agency and Grayling parent company Havas for over pounds 1.3 billion. The deal is the communications industry’s largest ever, making Havas the world’s fourth-biggest communications conglomerate. Chairman and CEO Daniel Snyder is leaving the agency, but Arnold founder and chairman Ed Eskandarian is expected to stay on.

Snyder Communications, the parent company of Arnold PR, has been

acquired by French advertising agency and Grayling parent company Havas

for over pounds 1.3 billion. The deal is the communications industry’s

largest ever, making Havas the world’s fourth-biggest communications

conglomerate. Chairman and CEO Daniel Snyder is leaving the agency, but

Arnold founder and chairman Ed Eskandarian is expected to stay on.



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