LONDON--WPP PLC (WPP.LN) said Tuesday its wholly-owned media investment management company, GroupM, bought 49% of U.S. media agency Haworth Marketing + Media.

Haworth's billings for the year ended Oct. 31 were $700 million with gross assets of $87 million at the same date, WPP said.

Shares in WPP dropped 12 pence or 0.95% to trade at 1,271 pence at 0900 GMT.

Write to Ed Ballard at ed.ballard@wsj.com

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