Quebecor sells off Nurun subsidiary for $125M

MONTREAL - Quebecor has sold its digital design and marketing services Nurun subsidiary to the French advertising and public relations company Publicis Groupe for a cash consideration of CAN$125 million.President and CEO Pierre Dion said Tuesday that the sale is part of the company’s move to focus on its core lines of business."We have therefore sold Nurun, a consulting firm specializing in digital innovation, design and technology, since its operations no longer fit with our core businesses”, said Dion, in the announcement. “We are confident that Nurun, a respected and profitable firm, will continue to grow as part of Publicis Groupe,...