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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
11/19/201408:53:12WPP Wants Dividend Payout Ratio to Increase to 50%, CEO Says
11/04/201410:06:24WPP Unit Ogilvy & Mather Acquires Gloo in South Africa
10/30/201411:06:24WPP's Kantar Retail Invests in French Image Recognition Company
10/16/201407:51:51WPP Acquires French Audio Watermarking Business
10/09/201417:01:12WPP Partners with Rentrak in US on TV-Measurement Business
10/07/201409:36:37WPP Acquires Element Marketing Group for Undisclosed Fee
09/23/201409:20:55WPP: GroupM Buys 49% of Haworth Marketing in US
09/22/201404:40:18WPP Invests $25 Million in AppNexus; Buys Teein in China for...
09/19/201403:42:00WPP Buys agency in Mongolia for Undisclosed Sum
09/16/201410:13:22WPP Invests in Digital Contents Studio
09/15/201413:14:42WPP Unit Kantar Health Buys Evidencias in Brazil for Undisclosed...
09/11/201406:06:19WPP's Unit Salmon Acquires Neoworks in UK for Undisclosed Sum
09/09/201404:44:05WPP: Brand Union Buys Epigram in Brazil for Undisclosed Sum
09/05/201405:05:49WPP PLC's Unit JWT Acquires Blinks in Brazil for Undisclosed...
09/04/201403:50:33WPP's Unit JWT Buys Digital Agency Try in Brazil
09/04/201403:30:10WPP PLC Acquisition of Try by JWT in Brazil
09/01/201405:39:52WPP's Aqua Acquires Applogix in South Africa for Undisclosed...
08/26/201418:55:16ADR Shares End Higher; WPP Shares Active
08/26/201412:47:13EUROPE MARKETS: ArcelorMittal Climbs; Antofagasta Slides: European...
08/26/201412:36:04LONDON MARKETS: FTSE 100 Plays Catch-up With Europe, Climbs 0.7%

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