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WPP WPP PLC

51.13
0.06 (0.12%)
Last Updated: 19:41:06
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
  0.06 0.12% 51.13 51.355 51.00 51.30 49,409 19:41:06

WPP: JWT to Buy Majority Stake in Cleartag for Undisclosed Sum

23/11/2015 9:35am

Dow Jones News


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LONDON--Advertising giant WPP PLC (WPP.LN) said Monday J. Walter Thompson Company is buying a majority stake in Cleartag, an independent full service digital marketing consultancy in Lebanon and the UAE, for an undisclosed sum.

Founded in 2000, Cleartag offers a broad range of digital consulting, user experience, advertising and campaign services. The agency employs around 65 people in Beirut and Dubai, WPP said.

Cleartag's unaudited revenue for the year ended Dec. 31, 2014 was $3.6 million and the company had gross assets of $1.5 million at the same date.

 

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

 

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


(END) Dow Jones Newswires

November 23, 2015 04:20 ET (09:20 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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