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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 01:00:00

WPP Invests in Fashion, Lifestyle Media Firm Refinery29

28/04/2015 9:05am

Dow Jones News


WPP (NYSE:WPP)
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LONDON--Advertising giant WPP PLC (WPP.LN) said Tuesday it ha made a strategic investment in Refinery29 Inc., a privately-held fashion and lifestyle media company providing content, shopping solutions and social networking opportunities primarily in the fashion, shopping and beauty categories targeted towards millennial women.

The [undisclosed] investment is being made through WPP Ventures, the company said. WPP Ventures partnered with Scripps Networks Interactive in the investment.

Shares at 0730 GMT down 15 pence, or 0.95%, at 1570 pence valuing the company at 20.53 billion pounds ($31.16 billion).

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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