Report: AKQA On Block For $150M

  • December 1, 2006
AKQA is shopping itself around for as much as $150 million, the New York Post reported Thursday, citing unnamed sources. The company's majority owner, Francisco Partners, a private equity firm, has quietly begun to gauge interest in the agency, and may eventually tap an investment bank to officially shop the AKQA, the Post reported. Tom Bedecarre, chief executive of AKQA, did not return calls by OnlineMediaDaily. The San Francisco-based company has 475 people in offices from New York to Shanghai and boasts tier-one clients, including Nike, Visa, Microsoft, McDonald's and Unilever.
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