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WPP: GroupM Buys Alchemedia for Undisclosed Sum

LONDON--Advertising firm WPP PLC (WPP.LN) said Monday its wholly owned operating company, GroupM, has agreed to acquire Alchemedia Inc., a media planning & buying agency in South Korea, for an undisclosed sum. MAIN FACTS: -Alchemedia's audited revenue for the year ended Dec. 31, 2011 was 1.4 billion Korean won, with gross assets of KRW10.0 billion. -WPP shares closed Friday at 773 pence valuing the company at 9.74 billion pounds. -Write to Ian Walker at ian.walker@dowjones.com

Stock News for Wpp (WPPGY)
DateTimeHeadline
03/30/201517:01:47Report of Foreign Issuer (6-k)
03/30/201512:30:37LONDON MARKETS: FTSE 100 Snaps Four-session Losing Streak
03/30/201507:35:00WPP's Xaxis to Acquire ActionX in the US
03/30/201505:40:15LONDON MARKETS: FTSE 100 Breaks Four-session Losing Streak
03/30/201504:15:11LONDON MARKETS: FTSE 100 Breaks Four-session Losing Streak
03/30/201504:12:45LONDON MARKETS: FTSE 100 Breaks Four-day Losing Streak
03/26/201504:56:08Bolloré Sells Larger-Than-Expected Slice of Havas
03/25/201514:42:35Report of Foreign Issuer (6-k)
03/24/201517:07:00Wunderman Names Gary S. Laben as Its Global Chief Data Officer
03/24/201515:51:31Report of Foreign Issuer (6-k)
03/23/201517:03:22Report of Foreign Issuer (6-k)
03/23/201509:00:00Ogilvy & Mather and Hogarth Worldwide join forces to form global...
03/23/201505:59:13WPP's Kuvera Signs Partnership Agreement with Paipai
03/18/201512:37:00FEMA selects Ogilvy Public Relations and Michael Baker International...
03/17/201516:21:09Report of Foreign Issuer (6-k)
03/16/201523:56:56WPP chief Sorrell set to earn $53M in shares in 2015
03/16/201522:33:20Experts: Murder Case Spares the Durst Name
03/16/201516:17:25WPP's Sorrell Set for $53 Million Share Award--Second Update
03/16/201506:26:38WPP's Sorrell Set for $53 Million Share Award--Update
03/16/201505:50:52WPP's Sorrell Set for $53 Million Share Award

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