Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

WPP Unit Seeks Approval to Acquire Ad Agency Stakes in Turkey

Don't Miss Out —
Follow us on:

Sept. 14 (Bloomberg) -- WPP Plc, the world’s biggest advertising agency, is seeking Turkey’s antitrust approval through one of its units to buy stakes in advertising agencies in the country.

Russell Square Holding BV, a unit of WPP, applied to the Ankara-based regulator to buy 60 percent of Manajans-Thompson Reklam Isleri AS, 3 percent of JWT Istanbul Reklam Isleri AS and 0.01 percent of Mindshare Medya Hizmetleri AS, the regulator said on its website.

Martin Sorrell, chief executive officer of Dublin-based WPP, has been acquiring digital advertising assets and companies in developing markets such as China and Brazil, offsetting slower growth in markets hit by the European debt crisis.

To contact the reporter on this story: Ercan Ersoy in Istanbul eersoy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.