logo
Plus   Neg
Share
Email
Comment

WPP's Grey Group Buys Majority Stake In Dubai-based Hug Digital - Quick Facts

Grey Group, part of Advertising giant WPP Group Plc. (WPP.L,WPPGY), Monday said it has acquired a majority stake in hug digital, a Middle East-based regional digital marketing agency. The financial terms of the deal were not disclosed.

Nirvik Singh, Chairman and CEO of Grey Group Asia Pacific, Middle East and Africa, said, "Grey Group's acquisition of hug digital enhances our leadership position in the MENA creative and digital space. It underscores Grey's commitment to expand our offering and deliver quality, value-added services to our clients."

hug digital, based in Dubai, provides digital campaigns, social media, content, influencer and activation marketing, web and mobile app development, media planning and buying as well as digital research, analysis and social listening. hug digital employs around 145 full-time staff.

As Chairman and CEO respectively, Oussama Jamal and Tim Baker will continue to head the hug digital operations whilst working closely with Nirvik Singh to set the overall strategic digital growth plan for the region.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BlackRock Inc., the world's largest asset manager, said it plans to speak with gun makers and distributors following public outcry after the Florida high school shooting that killed 17 people. BlackRock, which had $6.3 trillion in assets under management as of December 31, 2017, holds shares in gun makers Sturm Ruger & Co. Inc. as well as American Outdoor Brands Corp. An upgraded boarding in Southwest Airline will cost you more. The airline usually not assign seats to passengers, but one can choose from an open seat. The Upgraded Boarding will allow passengers to choose from A1 - A15 boarding positions. The cost for these positions would be $30, $40 and $50, depending on flight and route. This option can be availed from the ticket counter or gate. Citigroup Inc.'s co-head of mergers and acquisitions, Peter Tague, is leaving the company, according to media reports, citing people familiar with the matter. Tague has been co-head of Global M&A business at Citigroup since March 2012, alongside Cary Kochman and Mark Shafir. It was not immediately clear what Tague intends to do after he leaves Citigroup.
comments powered by Disqus
Follow RTT