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
The National Retail Federation Chief Economist Jack Kleinhenz said it was too early to say how quickly or smoothly the U.S. economy would stage a recovery following the "sizable disruptions" due to the coronavirus pandemic. However, he noted that the reopening of businesses and the resumption of economic activity is a significant step forward. Following the recall of type 2 diabetes medication Metformin Hydrochloride Extended-Release (ER) by Apotex last week, the U.S. Food and Drug Administration or FDA has recommended more pharmaceutical companies, who are manufacturers of the drug formulation, to recall their products. Hundreds of Facebook employees staged a "virtual walkout" on Monday to protest the company's decision not to act on recent controversial posts by President Donald Trump on the social media platform. The employees criticized Facebook chief executive Mark Zuckerberg's decision to not moderate a post from Trump last Thursday.
RELATED NEWS
Follow RTT