Baltimore digital commerce agency to be acquired for $835M

Flywheel Digital, a Baltimore digital commerce company, is set to be sold to a New York media and marketing company for $835 million. Flywheel Digital, which has more than 200 employees at its Locust Point headquarters, will be sold to Omnicom Group Inc., a Fortune 500 company, pending shareholder approval. Omnicom (NYSE: OMC) said in a release that the deal is expected to close in the first quarter of 2024.