WPP brings a 'young turk' on board
FTSE 100-listed advertising and marketing giant WPP has announced that its wholly-owned operating company, Y&R, acquired a majority stake in the Istanbul-based digital advertising agency CS Reklam Hizmetleri Sanayi Ve Ticaret A.Ş. which trades as 'C-Section'.
FTSE 100-listed advertising and marketing giant WPP has announced that its wholly-owned operating company, Y&R, acquired a majority stake in the Istanbul-based digital advertising agency CS Reklam Hizmetleri Sanayi Ve Ticaret A.. which trades as 'C-Section'.
C-Section specialises in creating microsites, apps and digital campaigns for the Turkish market.
Its unaudited revenues for the year ending December 31st 2012 were TRY 7.5m (£2.75m), with gross assets as at the same date of TRY 3.0m (£1.10m).
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The agency will retain its independent identity and will not be merged with Y&R Istanbul.
The investment continues WPP's strategy of developing its services in fast growing markets and sectors.
In Turkey itself, WPP companies including associates employ nearly 1,000 people, generating revenues of $100m.
WPP's share price was up 0.58% to 1,039p at 10:20 on Thursday.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Landlords forecast to exit BTL market in droves – has the exodus started?
Smaller landlords are selling up in their tens of thousands, according to brokers, findings echoed by higher capital gains tax receipts on property. Is the era of the amateur landlord over?
-
Klarna IPO: how did the Swedish fintech perform on debut?
Klarna’s shares made a fast start following the BNPL company’s New York debut, but momentum waned later on. Should you invest in Klarna shares?