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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
12/06/201618:10:00WPP Spending $70 Million with Snapchat
12/06/201617:42:00WPP Spending $70 Million with Snapchat
12/06/201616:29:00Robert Mathias Inducted into PR People Hall of Fame
12/06/201614:20:00Ad Agencies Probed Over Contracts to Produce Commercials
12/05/201608:00:00Ogilvy & Mather Earns Perfect Score in the 2017 Corporate Equality...
12/02/201613:45:01Report of Foreign Issuer (6-k)
12/01/201618:13:00What is AppNexus? We Explain What the Ad Tech Company Does
11/30/201615:04:00Veteran GOP Strategist Scott W. Reed Joins Hill+Knowlton Strategies
11/29/201611:36:00WPP Buys Promotion Execution Partners
11/22/201614:36:00ANA Selects Hill+Knowlton Strategies for First US-Focused Marketing...
11/22/201610:00:00Ogilvy & Mather appoints Horacio Genolet Latin America CEO
11/22/201609:00:00Ogilvy Expands Its West Coast Digital Content & Social Team With...
11/21/201618:00:00AT&T, Dish, WPP to Buy Invidi Technologies
11/21/201617:52:00AT&T, Dish, WPP to Buy Invidi Technologies
11/21/201614:23:00WPP CEO Says Facebook, Google Must Take Responsibility for Fake...
11/16/201613:29:00Vivendi CEO Says Tie-Up With Havas Makes Business Sense
11/14/201609:40:00GroupM Shuffles Leadership, Consolidates Groups
11/14/201609:35:00GroupM Shuffles Leadership, Consolidates Groups as Media Environment...
11/14/201609:29:00GroupM Shuffles Leadership, Consolidates Groups as Media Environment...
11/14/201606:14:21Report of Foreign Issuer (6-k)

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