Droga5 sells stake to William Morris Endeavor in half billion dollar deal

July 12, 2013 11:59

David Droga

The creative agency founded by Australian adman David Droga has agreed to sell a 49 per cent share to talent agency William Morris Endeavor for a reported $225m.

Droga founded the agency in 2006. He is one of the most awarded creatives of all time, with Droga5’s most famous work including the social media campaign that helped Barack Obama get elected. The agency won its fifth Titanium Lion at Cannes this year.

The deal includes the Australian operation, which launched in 2008. If the reported price is correct, it effectively values the agency at half a billion dollars.

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Nic Christensen

Nic Christensen worked for Mumbrella from 2013 to 2016, in roles including deputy editor and media & technology editor. He is former media writer for The Australian and has also worked as a reporter for The Daily Telegraph and senior producer for Radio 2GB.

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