Chiat/Day Completes Acquisition: Los Angeles-based Chiat/Day advertising...

Chiat/Day Completes Acquisition: Los Angeles-based Chiat/Day advertising agency completed its acquisition of the Mojo MDA Group of Australia for about $66 million. Chiat/Day/Mojo, which will have billings in excess of $1 billion, said about 20 people in Mojo’s San Francisco office have lost their jobs as a result of the merger. Many of the layoffs were triggered after Mojo lost its $10-million ad business for the Toyota Dealers of Northern California because of a conflict with Chiat’s giant Nissan account.