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WPP WPP PLC

50.94
0.83 (1.66%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
WPP PLC NYSE:WPP NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.83 1.66% 50.94 51.25 50.55 50.65 425,200 00:17:54

WPP Invests in All Def Digital in US

29/06/2016 3:38pm

Dow Jones News


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LONDON--WPP PLC (WPP.LN) said on Wednesday it has invested in All Def Digital Inc., a digital media company founded by hip-hop impresario Russell Simmons in the U.S.

The provider of communications services said the investment has been made through WPP Ventures, a division based in Silicon Valley, which explores investments in new technology companies.

All Def Digital's clients include NBC Universal and Samsung, the company said.

The company didn't disclose the amount of the investment.

Shares at 1400 GMT up 6 pence, or 0.4%, at 1528 pence valuing the company at 19.65 billion pounds ($28.7 billion).

 

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

 

(END) Dow Jones Newswires

June 29, 2016 10:23 ET (14:23 GMT)

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

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