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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
02/10/201610:31:55Amended Statement of Ownership (sc 13g/a)
02/10/201609:00:00Ogilvy & Mather promotes Gerry Human to Global Executive Creative...
02/09/201615:17:00Teresa Henderson Joins Burson-Marsteller as Southwest Market...
02/04/201609:00:00Marketo and Wunderman Partner to Deliver Insight-Driven Engagement...
02/01/201617:39:00WPP Finishes 2015 as Most Prolific Acquirer in Media, Marketing...
02/01/201613:02:00Fran Luckin Joins Grey Africa As Chief Creative Officer
02/01/201611:42:00WPP's Greyhealth Acquires Healthcare App Developer The Lathe
01/28/201616:48:03Report of Foreign Issuer (6-k)
01/27/201608:53:00Grey Group Acquires Mobile Experiences Studio ArcTouch
01/27/201608:34:00WPP: Grey Buys US Mobile App Development Firm for Undisclosed...
01/22/201602:38:00WPP: Possible Worldwide Buys Majority Stake in Germany's Conrad...
01/21/201611:58:00First-of-its-Kind PSA Campaign Targets the 86 Million American...
01/21/201610:41:00First-of-its-Kind PSA Campaign Targets the 86 Million American...
01/21/201610:19:00Hill+Knowlton Canada Hires GM for Alberta
01/20/201610:54:00Ogilvy & Mather Appoints Agency Veteran John Seifert as CEO
01/20/201609:15:00Ogilvy & Mather names John Seifert Worldwide CEO
01/20/201607:06:00Companies Sitting on Cash Amid Global Uncertainty, Says WPP CEO
01/19/201614:53:11Annual Report of Employee Stock Plans (11-k)
01/18/201607:11:00WPP: Cohn & Wolfe Buys Majority Stake in Brazil's Grupo Máquina
01/18/201606:00:00WPP's Cohn & Wolfe Acquires Majority Stake in Brazil's Grupo...

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