logo
Plus   Neg
Share
Email

WPP In Exclusive Talks To Sell Kantar Stake To Bain Capital

Responding to recent press speculation, Advertising giant WPP plc (WPP.L,WPPGY) confirmed that it has entered into exclusive discussions to sell a majority shareholding in Kantar to Bain Capital for a headline enterprise value of about $4 billion.

Separately, WPP said it agreed to sell ts minority shareholding in Chime Group Holdings Limited, the sports, entertainment and communications group, to the majority shareholder Providence for 54.4 million pounds and potential additional amounts based on the future value of Chime.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT