WPP Unit Acquires Majority Stake in Turkish Marketing Firm
July 20 2015 - 5:04AM
Dow Jones News
LONDON--Advertising company WPP PLC (WPP.LN) said Monday that
unit GroupM has acquired a majority stake in Turkish marketing
company directComm Marketing Group for an undisclosed sum.
For the year ended Dec. 31, 2014, directComm Marketing recorded
revenue of $6.5 million, with gross assets of $3.2 million.
Shares of WPP at 0833 GMT trading flat at 1,519 pence.
Write to Tapan Panchal at tapan.panchal@wsj.com
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