New this morning: DJE Holdings strikes a deal in the UK
Edelman sister agency Zeno Group has acquired London-based 3 Monkeys Communications, one of the UK’s biggest independent firms. Experts said the deal could have been worth up to $21.5 million. 3 Monkeys had revenue of about $17 million in 2014. Freuds bought US-based Brew Media Relations on Thursday.
What happened last night: The Trump-less GOP debate
Other Republican presidential candidates soldiered on in the seventh GOP debate last night, and the last before the Iowa Caucuses. Ted Cruz and Marco Rubio sparred over issues including immigration and took on the most attacks from rivals.
A different story on social media
The Friday morning media consensus is that Donald Trump’s veterans fundraising event won the night on social media, despite Cruz’s "Ducking Donald" Snapchat filter. Google, which co-sponsored the debate with Fox, said Trump was the most-searched-for candidate.
Winners and losers
Mashable: And the winner of the GOP debate is…Megyn Kelly. Politico: Fox was both predator and prey. Vox: Cruz lost the debate — right when he could least afford to do so. New York: Nobody won so everybody lost (except Trump!). ABC News: Best lines of the debate.
Huge shakeup in political media
Just before last night’s main event began, news emerged that Politico CEO Jim VandeHei, Playbook author Mike Allen, and three other executives will step down after the presidential election. VandeHei and owner Robert Allbritton had clashed over budgets and spending, according to The Huffington Post. Cofounder John Harris will stay on.
Takata: Our CEO isn’t going anywhere
The embattled Japanese airbag-maker pushed back against reports that its CEO is about to step down, saying Shigehisa Takada remains in his role despite the two-year airbag-recall crisis. The company met with top customers such as Honda, Toyota, and Nissan on Friday morning.
Xerox plans to split in two
The company will divide itself into two publicly traded entities, one with its legacy office machines and the other containing its services business, it said Friday morning. Activist shareholder Carl Icahn will get three seats on its board. Xerox does $20 billion in annual sales.
Volkswagen could buy up noncompliant cars
A lawyer for the automaker said in a court hearing that Volkswagen could buy diesel automobiles that cannot be quickly retrofitted to be compliant with US emissions standards. The statement indicated the company may not have the technology to make compliant cars in the first place, according to The New York Times.
Jack Dorsey gives locker room speech to Twitter staff
Employees at the microblogging platform probably needed a pick-me-up after a week of headlines about falling share prices and executive departures. CEO Jack Dorsey reportedly gave a rah-rah speech at its biweekly all-hands meeting — and it worked. Staffers took to Twitter afterwards to express their enthusiasm about the company.