Latest Share Chat

UPDATE: WPP Unit Buys China-Based Digital Creative Agency, Digital Marketing Specialist

Mon, 31st Mar 2014 10:05

LONDON (Alliance News) - Media buying giant WPP PLC Monday said its Hill+Knowlton Strategies communications consultancy has struck a deal to buy digital creative agency Rice5.

Rice5 has offices in Hong Kong and Shanghai and made revenues of HKD16.6 million in 2013.

It also bought product data and content for UK based digital marketing specialist FusePump Ltd through its digital agency network Wunderman.

FusePump posted revenues of GBP3.0 million in 2013, with gross assets of GBP900,000.

The company didn't provide any financial details for either acquisition.

WPP shares were trading up 0.3% at 1,218.00 pence Monday morning.

By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1

Related Shares

More News

10 May 2024 09:52

LONDON BROKER RATINGS: UBS raises Trainline, cuts Kingspan

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

25 Apr 2024 10:00

TOP NEWS: WPP holds guidance despite ongoing weakness in Asia and tech

(Alliance News) - WPP PLC on Thursday reported a fall in first quarter sales as progress in Europe was offset by declines in Asia.

25 Apr 2024 07:41

WPP Q1 revenues fall 1.4%; Guidance held

(Sharecast News) - UK advertising agency WPP on Thursday said revenues fell 1.4% as it lost a healthcare client and spending by technology companies w...

25 Apr 2024 07:26

Ad group WPP reports 1.6% drop in first-quarter organic growth

LONDON, April 25 (Reuters) - British ad group WPP reported a 1.6% drop in organic growth in the first quarter, lagging its major rivals, after it wa...

18 Apr 2024 14:17