The Week: City news - TNS/WPP in merger talks

The TNS boss David Lowden and Sir Martin Sorrell, the chief executive of WPP, are reported to have met to discuss the possibility of a takeover deal.

It is thought that the pair discussed potential savings as a result of any deal, which Sorrell estimates at around £52 million. While the meeting provides a signal that TNS is relaxing its hostility to WPP's interest, Lowden is also reported to have asked TNS's advisors Deutsche Bank to sound out other potential buyers, including rival Nielsen and the US private equity company Hellman & Friedman.

Become a member of Campaign from just £51 a quarter

Get the very latest news and insight from Campaign with unrestricted access to ,plus get exclusive discounts to Campaign events

Become a member

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

Partner content