LONDON (dpa-AFX) - WPP Plc (WPPGY, WPP.L) Tuesday announced that it has agreed to acquire a majority stake in 41?29! Media Internet, an independent digital communications agency based in Istanbul. Other financial details of the proposed acquisition have not been divulged. The company stated that 41?29! Media Internet, founded in 2007, offers digital communications services to clients across all business sectors. The agency employs 48 people and clients include Diageo, Garanti Bank, Kraft, Microsoft, Nokia, Renault, Ulker and Unilever.
The company further added that 41?29!'s unaudited revenues for the year ended 31 December 2011 were approximately TL 5 million, with gross assets at the same date of approximately TL 2.4 million.
Copyright RTT News/dpa-AFX
