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| Name | Symbol | Market | Type |
|---|---|---|---|
| WPP PLC | NYSE:WPP | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.02 | 2.02% | 51.54 | 9,786 | 12:13:34 |
From May 2019 to May 2024
LONDON--Advertising giant WPP PLC (WPP.LN) said Friday its wholly-owned global media investment management company, GroupM, has agreed to take majority stake in aMVG (Aerodeon), the mobile media agency and mobile technology company in Turkey.
MAIN FACTS:
-No financial details were disclosed.
-Founded in 2002, aMVG (Aerodeon) specialises in developing mobile media strategies and technologies for its clients.
-aMVG's unaudited revenue for the year ended Dec. 31, 2013 were 8.9 million Turkish Lira with gross assets of TRL8.4 million as at the same date.
-WPP's digital revenues (including associates) were over $6.0 billion in 2013, representing almost 35% of the Group's total revenues of $17.3 billion.
-WPP has set a target of 40%-45% of revenue to be derived from digital in the next five years.
-Shares at 0805 GMT up 5 pence, or 0.39%, at 1291 pence valuing the company at 17.2 billion pounds.
-Write to Ian Walker at ian.walker@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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