LONDON--Advertising company WPP PLC (WPP.LN) said Tuesday that it has acquired a majority stake in U.K.-based sports marketing agency Two Circles for an undisclosed sum.

Two Circles' consolidated revenue for the year ended Aug. 31, 2014, were 2.7 million pounds ($4.24 million), with gross assets of GBP1.0 million.

Shares of WPP at 0747 GMT trading 1.2% higher at 1,578 pence.

Write to Tapan Panchal at tapan.panchal@wsj.com

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