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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
08/06/201407:05:08WPP Acquires Mobile Developer Double Encore for Undisclosed Fee
07/24/201406:11:19WPP: Kantar Invests in ZappiStore; No Financial Details Disclosed
07/14/201418:23:58U.K. Stocks Under Pressure as Pound Strength Hits Cost of Selling...
07/11/201404:53:14WPP: Scangroup Buys Majority Stake in South Africa's EXP
07/02/201406:01:57WPP's Kantar Acquires Majority Stake in Guardian Digital Agency
06/19/201404:39:07WPP Acquires Vietnam's Sofresh for Undisclosed Fee
06/18/201417:07:21ADR Shares End Higher
06/17/201403:24:26WPP Acquires Dutch Firm EffectiveBrands for Undisclosed Fee
06/12/201411:54:03WPP: Grey to Buy Majority Stake in Peru's Circus
06/12/201403:34:15Wilmington Group Appoints Pedro Ros as Chief Executive
06/11/201402:48:42WPP's JWT Buys Majority Stake in South Africa's The Hardy Boys
06/10/201408:11:01WPP's Kantar Buys Majority Stake in Precise Media for Undisclosed...
06/05/201407:09:40WPP: Bates CHI&Partners to Buy India's Temple Advertising
05/22/201408:37:11WPP's Ogilvy & Mather Acquires Dnx
05/21/201404:18:07WPP's Millward Brown Acquires Romanian Market Research Group...
05/15/201404:53:49WPP's Grey Acquires South Africa's Volcano Group for Undisclosed...
05/09/201417:44:09ADR Shares End Mixed; ArcelorMittal, Alcatel-Lucent Shares Active
05/08/201404:35:05Perform Group 1Q Revenue Rises, Appoints CFO
05/07/201413:03:17WPP's Kantar Sells Center Partners to Qualfon
05/06/201408:12:44WPP Buys South African Digital Marketing Agency Quirk

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