WPP on the march again
Advertising agency WPP has started the new year where it left off, by buying another firm to add to Sir Martin Sorrell's ever-expanding empire.
Advertising agency WPP has started the new year where it left off, by buying another firm to add to Sir Martin Sorrell's ever-expanding empire.
The firm said GroupM, WPP's global media investment management arm, had acquired a majority stake in PLAY Communication, a marketing agency based in Sydney, Australia.
Founded in 2002, PLAY offers activation, sponsorship, digital and branding services.
Subscribe to 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 company's unaudited revenues for the financial year ended 30th June 2012 were around A$4.1m, with gross assets at the same date of about A$2.8m.
In Asia Pacific, WPP now has revenues, including associates, of around US$4.7bn and employs some 46,000 people.
Its Chief Executive, Sir Martin Sorrell, recently stirred controversy by saying the amount of corporation tax companies pay is largely "a question of judgement".
In an interview with the BBC, he said companies like Google and Starbucks paid tax more out of a sense of corporate social responsibility, than because the law forces them to.
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.
-
£150 off energy bills: millions more to get discount this winter
The expansion of the Warm Home Discount scheme follows a government U-turn on the Winter Fuel Payment. We explain who will get the £150 discount
-
Akio Toyoda takes back control of Toyota
Toyota chairman Akio Toyoda once made a pledge to fulfil his grandfather’s dreams for the family business that became Japan’s first domestic carmaker. He is now making good on that promise.