WPP: JWT to Buy Majority Stake in Cleartag for Undisclosed Sum
November 23 2015 - 4:35AM
Dow Jones News
LONDON--Advertising giant WPP PLC (WPP.LN) said Monday J. Walter
Thompson Company is buying a majority stake in Cleartag, an
independent full service digital marketing consultancy in Lebanon
and the UAE, for an undisclosed sum.
Founded in 2000, Cleartag offers a broad range of digital
consulting, user experience, advertising and campaign services. The
agency employs around 65 people in Beirut and Dubai, WPP said.
Cleartag's unaudited revenue for the year ended Dec. 31, 2014
was $3.6 million and the company had gross assets of $1.5 million
at the same date.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 23, 2015 04:20 ET (09:20 GMT)
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