Dentsu's International Operations Sale Collapses Amid Stagnant Growth

• Dentsu's efforts to sell its international operations are on the brink of collapse after potential buyers, including private equity firms Apollo and Bain Capital, withdrew from negotiations.
• The Japanese advertising giant had explored selling its UK-based international business, which generated over $4.5 billion in net revenues in 2024, since 2025.
• With the sale failing, Dentsu plans internal restructuring, including cutting over 3,400 jobs (8% of its workforce) in international regions.
• This failure reverses Dentsu's 2012 acquisition of UK media group Aegis for £2.3 billion and highlights investor concerns about its outdated business model.
• President Hiroshi Igarashi's leadership is reportedly at risk, with a potential vote against his reappointment at the upcoming shareholders' meeting.

Why It Matters: Dentsu's international operations sale failed, leading to major internal restructuring and leadership concerns.