Posted: August 12th, 2009.
Razorfish, the advertising agency that belonged to Microsoft has been acquired by Publicis Groupe. Here are the details regarding the deal:
Value of the deal : $530 million
$300 million to be paid in cash by Publicis
Microsoft to get hold of 3% stake in Publicis
Razorfish annual revenue estimate : $380 million
Razorfish employee count : 2000