WPP Buys Majority Stake in Sports Marketing Agency Two Circles
May 19 2015 - 4:18AM
Dow Jones News
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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