WPP WPP PLC

LONDON-- Advertising group WPP PLC (WPP.LN) said Thursday that its subsidiary JWT has agreed to acquire a majority stake in Social Wavelength, a social media agencies in India, for an undisclosed fee.

MAIN FACTS:

-Social Wavelength's revenues for the year ended March 31, 2013 were 91.5 million rupees, with gross assets at the same date of INR59.2 million.

-Shares at 0926 GMT, up 2 pence, or 0.17%, at 1,204 pence valuing the company at GBP16.1 billion.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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