latin-america Archives

Omnicom to buy Brazil advertising group ABC, source says

November 21, 2015 creative 270-million, billion-reais, brazil, friday-grupo, guillermo, largest-economy, latin-america, nizan-guanaes, omnicom, omnicom-group, second-largest, tatiana-bautzer, the-transaction, transaction, world

By Tatiana Bautzer and Guillermo Parra-Bernal SAO PAULO (Reuters) – Omnicom Group Inc, the world’s second largest advertising company, has agreed to pay 1 billion reais ($270 million) for Brazil’s Grupo ABC, growing Omnicom’s publicity, branding services and content in Latin America’s largest economy, a source with direct knowledge of the transaction said on Friday.

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Facebook CEO Zuckerberg will take two months of paternity leave

November 20, 2015 publisher chris-reese, daughter, guillermo, indian, indian-prime, largest-economy, latin-america, menlo, menlo-park, second-largest, the-transaction, world, zuckerberg

SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg said he will take two months of paternity leave after his daughter's birth, though he did not say when she is due. Facebook allows its U.S

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Snapchat’s lackluster ad business threatens $16 billion valuation

November 20, 2015 creative estimated, estimated-value, guillermo, indian-prime, investments, largest-economy, latin-america, menlo, menlo-park, san, steady-source, the-transaction, world

By Heather Somerville SAN FRANCISCO (Reuters) – Snapchat, maker of a free mobile app that lets users send videos and messages that disappear in seconds, is struggling to gain traction with advertisers, fuelling investor concern that its $16 billion valuation isn't justified by a business that hasn't yet shown it has a steady source of income.