LONDON--WPP PLC (WPP.LN) said Monday it has received subpoenas from the U.S. department of justice's antitrust division regarding ongoing investigations into video production and post-production practices in the advertising industry.

"WPP and its subsidiaries are fully cooperating with the enquiries," the communications company said.

Shares at 1515 GMT down 10 pence, or 0.7%, at 1769 pence valuing the company at GBP22.67 billion.

 

Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

December 19, 2016 10:30 ET (15:30 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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