INNOCEAN Worldwide completed the acquisition of the remaining 49% stake in Canvas Worldwide from Horizon Media.

INNOCEAN Worldwide, an advertising agency, completed the acquisition of the remaining 49% stake in Canvas Worldwide, a provider of marketing services intended to provide solutions for brands looking to challenge the status quo, from Horizon Media, an independent media services company. Financial terms were not disclosed. Given the respective interests and strategic direction of Horizon and INNOCEAN, both parties agreed the time was right to part ways and for Canvas to enter the next phase of its development as an independent media agency. INNOCEAN intends to continue to operate Canvas independently under its current management and for the agency’s day-to-day operations, including the roles of its employees and client relationships, to continue as normal.