Havas Media Network has kicked off the new year with an acquisition aimed at deepening its sports marketing expertise and diversifying its revenue base.
The media arm of Havas struck a deal to acquire CA Sports, a specialist sponsorship agency based in Spain, and add it to its entertainment-focused Havas Play unit. It’s the first acquisition by the French holding company since it was listed on the Euronext Amsterdam stock exchange in December, following a spinoff from the Vivendi media empire.
According to Jorge Irizar, CEO of Havas Media Network Spain and global COO of Havas Media Network, it’s the first of 10 acquisitions the media group is targeting over the course of this year, and part of a multi-year process to broaden its business model.
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The original post is at Marketing Archives – Digiday
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