AKQA Sells Majority Stake To Well-Heeled Money Men

The Wall Street Journal (paid sub. req.) is reporting that San Francisco interactive-ad firm AKQA has sold a majority stake to private equity firm General Atlantic LLC.
While there’s nothing new about an agency acccepting large wads of cash for a partial or full buy out, there is a unique twist to this transaction.
AKQA Chief Executive Tom Bedecarre said, “The best solution was to work with someone who is not in our business but who is willing to be a long-term partner and help us grow.”
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About David Burn

Co-founder and editor of AdPulp. I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. I worked for seven agencies in five states before launching my own practice in 2009. Today, I am head of brand strategy and creative at Bonehook in Portland, Oregon.