Financial Times FT.com

Havas agency says internet deals overpriced

By Adam Jones in Paris

Published: January 31 2007 13:08 | Last updated: January 31 2007 13:08

Euro RSCG, the Havas-owned advertising agency, said on Tuesday it was currently unlikely to follow Publicis’ $1.3bn purchase of Digitas, an online and interactive marketing specialist, with a major internet deal of its own.

The Digitas acquisition, which was announced just before Christmas and which closed on Monday, underlined how traditional marketing services groups are increasingly looking to the web for future profits.

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