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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
09/23/201612:50:54Annual Report of Employee Stock Plans (11-k)
09/23/201611:32:56Report of Foreign Issuer (6-k)
09/23/201602:20:00Facebook Overestimated Key Video Metric for Two Years
09/22/201620:00:00Burson-Marsteller's Patrick Ford Named Diversity Champion, Agency...
09/22/201606:37:00WPP PLC WPP invests in French media investment group LNEI
09/19/201611:38:31Report of Foreign Issuer (6-k)
09/15/201620:50:00ComScore to Restate Results Over 'Nonmonetary' Revenue
09/14/201610:00:00Wunderman Strengthens Global Consulting Offer As Acceleration...
09/14/201605:00:00Wunderman Strengthens Global Consulting Offer As Acceleration...
09/13/201615:09:00WPP's Y&R Bid Far Lower Than Rivals for U.S. Census Account
09/13/201611:58:00Report of Foreign Issuer (6-k)
09/07/201615:16:01Report of Foreign Issuer (6-k)
09/07/201608:03:00WPP Invests in Medical Education Provider The Corpus
09/06/201605:40:00WPP: Xaxis' plista Acquires Linkpulse in Norway
09/01/201610:30:59Report of Foreign Issuer (6-k)
08/25/201614:26:04Report of Foreign Issuer (6-k)
08/25/201603:03:00WPP Expects Brexit Gains -- WSJ
08/24/201613:59:05Report of Foreign Issuer (6-k)
08/24/201607:00:00WPP 2016 Interim Results
08/24/201604:30:00WPP Shares Lifted by Sales Growth

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