- Publicis Groupe has acquired sports marketing agency 160over90 from talent management and media firm WME Group, in keeping with a press release. Financial terms of the transaction weren’t disclosed.
- The ad-holding group will integrate 160over90 into Publicis Sports and draw on data-driven solutions from Epsilon and creator capabilities from Influential to understand an end-to-end offering for clients. In addition, the network has struck a strategic deal with WME on talent opportunities, content financing and marketing partnerships.
- Billed as considered one of the world’s largest sports marketing agencies, 160over90 has greater than 670 employees across the U.S., U.K., Europe, Middle East and Africa and Asia-Pacific regions. The team will report back to Publicis Sports CEO Suzy Deering following the transaction’s close.
Publicis is ramping up investment in sports marketing to capitalize on a category that has seen soaring valuation coupled with increasing fragmentation and complexity. Sports remain a unifying cultural force for consumers and considered one of the last bastions for destination linear TV viewing, but are diversifying into streaming and social channels which are in focus for marketers.
The 160over90 deal still must clear customary closing conditions, equivalent to regulatory approvals, but could provide Publicis with additional firepower in a 12 months where the Super Bowl, Olympics and World Cup are drawing an enormous amount of interest from advertisers and consumers.
Publicis CEO Arthur Sadoun in an announcement said that sports is the firm’s “next big bet” following previous M&A centered on identity resolution, e.g. Epsilon and Lotame, e-commerce and the creator economy. The executive emphasized the power to attach 160over90 with other Publicis assets, including those in influencer, experiential and data-driven marketing, to bring greater cohesion and measurability to the sports landscape.
“In the age of AI, [sport] has develop into probably the most high-value channels for clients, delivering unparalleled cultural relevance, live engagement, and measurable impact,” said Sadoun.
While the deal price for 160over90 wasn’t publicly shared, The Wall Street Journal reported the figure at greater than $500 million. The news extends an acquisition hot streak for Publicis, which has consistently outperformed peers, a lot of which need to shed assets in a highly pressured promoting market.
Publicis last 12 months snapped up two sports marketing firms, Adopt and Bespoke Sports & Entertainment, to shore up its know-how in a media vertical bearing an estimated value of $150 billion, per Ken Research cited within the 160over90 announcement. In February, the group also stood up a dedicated unit for influencer sports marketing, called Influential Sports.
Ken Research attributed industry momentum to sports content’s expansion into digital platforms, in addition to record-shattering rights deals. Sports sponsorships, an area of experience for 160over90, meanwhile have surpassed $90 billion in value globally, in keeping with separate Allied Research findings highlighted by Publicis.
Along with integrating 160over90 into its sports division, Publicis is fostering a deeper overall relationship with WME. Robbie Henchman, who most recently served as president of 160over90, is remaining on the talent and media holding company to oversee the WME-Publicis collaboration.
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