The venture had revenue last year of more than $600 million and employed about 5,000 people.
It had revenue last year of $433.7 million.
"And we had revenue last year of $40 billion."
The analysts said the company was probably also reviewing the future of its insurance unit, which had revenue last year of $456.3 million.
In 1995, the company had its first billion-dollar revenue year.
Interpublic had revenue last year of $7.2 billion and had 60,000 employees working in 130 countries.
It was, with more than $100 billion in revenue last year, the nation's seventh-largest company.
Those businesses had revenue last year of $4.2 billion and operating profit of $561 million.
With $10 billion in revenue last year and 55,000 employees, Marsh is nearly five times larger than Willis.
The new company would have 9,500 employees and would have had revenue last year of about $1.4 billion.