WPP: JWT Buys Majority Stake in Webling in Australia
27 August 2015 - 4:53PM
Dow Jones News
LONDON--Advertising firm WPP PLC (WPP.LN) said Thursday J.
Walter Thompson Australia has bought a majority stake in Webling
Interactive, an independent digital agency based in Sydney, for an
undisclosed sum.
Webling offers an end-to-end service covering strategy,
ideation, design and development across web, mobile, social,
digital OOH and experiential channels.
For the year ending June 30, Webling's revenues were 4.4 million
Australian Dollars ($3.21 million), with gross assets of A$1.3
million, as at the same date.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
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(END) Dow Jones Newswires
August 27, 2015 02:38 ET (06:38 GMT)
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