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By Stephen Foster on March 27, 2012
Havas is to spend €253m ($336m) buying back 12 per cent of its shares, a move that will boost majority owner Vincent Bollore’s shareholding from 32.84 per cent to 37.32 per cent. The buy-back is at €4.90 share, a healthy 21 per cent premium to the current price and values Havas at around €2bn. Havas [...]
Posted in Agencies, Clients, Finance, News | Tagged acquisitions, aegis, akqa, carat, david jones, dentsu, Euro RSCG, havas, horizon media, Interpublic, mother, omnicom, publicis groupe, share buy-back, Vincent Bollore, vizeum, wieden+kennedy, WPP
By Stephen Foster on November 22, 2011
Out of home media is booming across the world, especially groovy new digital offerings, but the medium continues to be bedevilled by lack of transparency and, in some cases, accusations of fraud. Former Aegis-owned Posterscope US boss Todd Hansen and his finance director James Buckley have now been formally charged with an accounting fraud that [...]
Posted in Agencies, Clients, Finance, Media, News | Tagged $19.75m write-off, acquisitions, aegis, China, focus media holding, James Buckley, kinetic, muddy waters, out of home media, out of home specialists, posterscope usa, screen network, sino-forest, Todd Hansen, us fraud charges, WPP
By Stephen Foster on November 18, 2011
WPP will increase its sales by four per cent next year CEO Sir Martin Sorrell says, to just over £10bn. This compares with a sales increase of just over six per cent this year (2011) so hardly joy unconfined but not a disaster either. “A couple of months ago had you said to me what [...]
Posted in Agencies, Finance, News, Research | Tagged acquisitions, barcelona media conference, gfk, Interpublic, ipsos, kantar, morgan stanley, omnicom, profits, publicis groupe, research, sales, Sir Martin Sorrell, tns, WPP
By Stephen Foster on April 29, 2011
WPP CEO Sir Martin Sorrell has scrapped his self-imposed £100m a year spending limit on acquisitions in the wake of reporting (mildy) better than expected growth in the first quarter of 2011 and a reduction in WPP’s debt from £3.1bn to £2.6bn. Which is just as well really as he’s already spent about £100m acquiring [...]
Posted in Agencies, Finance, News | Tagged acquisitions, chemistry, commarco, gp7, kitcatt nohr, Maurice Levy, publicis groupe, scholz and friends, Sir Martin Sorrell, tailor made, talent, WPP
By Angie Dean on August 11, 2010
The company’s hardly on its uppers of course with about $30bn available to spend but Google, like other tech giants before it including Microsoft and Yahoo, is hitting problems trying to diversify out of its core area of search. Its one big success is the Android, or, increasingly Droid, phone which is attracting many new [...]
Posted in Media, News | Tagged acquisitions, android, apple, google, orkut
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