"After the announcement [in July] there was clearly a power struggle," said Sorrell. "We said it was strategically challenged, structurally clunky, that it had client, talent and regulatory issues. Other than that it was fine."
"Sorrell will no doubt be sporting a broad smile, this outcome is almost a result he could only have dreamed of," said David Reynolds, an analyst at Jefferies. "Two major competitors distracted for the best part of a year and then unable to execute, what a result."
