On December 8th, sources familiar with the matter said that advertising giant Hongmeng Group is in deep talks to acquire Apex Intelligence. If merged, the new company will surpass WPP to become the world's largest advertising conglomerate.
It is reported that, excluding debt, this all stock transaction may value Epitech between $13 billion and $14 billion. As of last Friday, the market value of Apex Intelligence was close to $11 billion. (Wall Street Journal)