Publicis Groupe considers bid for 30% of Cheil Worldwide

Publicis Groupe is considering a bid for a controlling stake in Cheil Worldwide.

Samsung's latest TV ad,
Samsung's latest TV ad,

The company is mulling an offer to take a 30 per cent stake in Seoul-based Cheil Worldwide, a report in Bloomberg has said.

The stake would make it the company’s largest stakeholder. Cheil began as Samsung's in-house agency. Samsung currently owns around 25 per cent of the agency. 

A Publicis Groupe spokeswoman said: "We do not comment on rumours." A spokeswoman for Cheil UK said: "We have no information." 

Last week, Samsung released a new TV ad "the dolphin whisperer" promoting the company's connected devices. The ad was created by Samsung's lead creative agency in the UK, Cheil London, and tells the tale of a young man who becomes a meme after his wife films an interaction between him and a beached dolphin.

In November, Samsung Electronics consolidated its media planning and buying into Starcom Mediavest Group, moving its UK out-of-home account from Cheil and Rapport in the process..

Topics

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk plus get exclusive discounts to Campaign events

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Making media fun again: why we must free our industry from outdated models
Shares0
Share

1 Making media fun again: why we must free our industry from outdated models

The industry needs an audience-first media revolution that balances brand and outcomes, writes Mindshare's global chief executive.

Just published

More