Omnicom Group completed the acquisition of the digital commerce business of Ascential for $900m.

Omnicom Group, an American global media, marketing and corporate communications holding company, completed the acquisition of the digital commerce business of Ascential, a British business-to-business media business specialising in exhibitions & festivals and information services, for $900m. "The Board firmly believes that the proposed sales of Digital Commerce and WGSN represent excellent value for shareholders, including the return of a significant portion of the combined proceeds. Furthermore, these actions are compelling in that they will enable us to achieve the objectives of the strategic review, addressing the distinct investment propositions of Ascential's three businesses, while also better positioning each business to achieve their growth ambitions," Scott Forbes, Ascential Chairman.