TIDMWPP
RNS Number : 6589B
WPP PLC
30 October 2009
?
+------------------------------------+------------------------------------+
| For Immediate Release | 30 October 2009 |
+------------------------------------+------------------------------------+
WPP PLC ("WPP")
WPP acquires majority stake in digital agency,
mInteraction, in Thailand
WPP announces that it will acquire a 51% stake in mInteraction Company
Limited, one of the leading digital agencies in Thailand, subject to obtaining
all relevant regulatory approvals. mInteraction will form part of GroupM, the
leading global media investment management parent company.
Founded in
2007, mInteraction employs 45 people and clients include Cadbury, Ford, Nike,
Sony and Unilever.
mInteraction's audited revenues for the year ended 31
December 2008 were THB 35.4 million, with gross assets at the same date of THB
52.3 million.
This investment continues WPP's strategy of developing its
networks in fast growing markets and sectors and strengthening its capabilities
in digital media.
Contact:
+------------------------------------+------------------------------------+
| Feona McEwan, WPP | T. +44 020 7408 2204 |
| www.wpp.com | |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQWUGWWUUPBUBU
|