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WPP WPP PLC

52.21
0.52 (1.01%)
Last Updated: 19:16:21
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
  0.52 1.01% 52.21 52.31 51.75 51.82 56,971 19:16:21

WPP to Acquire Polish Marketing Firm for Undisclosed Sum

25/02/2014 8:24am

Dow Jones News


WPP (NYSE:WPP)
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LONDON--Advertising company WPP PLC (WPP.LN) said Tuesday that its marketing communications unit, JWT, has agreed to acquire Lemon Sky, a creative digital marketing company in Poland, for an undisclosed sum.

MAIN FACTS:

-Founded in 2000 and employing around 70 people in Warsaw and Wroclaw, Lemon Sky specialises in producing a range of digital advertising and campaign services.

-Following the deal, Lemon Sky will join JWT Warsaw to create a integrated communications agency for Poland.

-Lemon Sky's unaudited revenue for the year ended Dec. 31 2013, were 2.7 million euros with gross assets of EUR2.4 million as at the same date.

-Shares of WPP on Monday closed at 1349 pence, valuing the company at GBP18.18 billion pounds .

-Write to Tapan Panchal at tapan.panchal@wsj.com

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


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