Acquisition time for WPP...again
It will come of little surprise that global advertising giant WPP has made yet another aquisition, this time of a minority interest in Dubai-based firm GME.
It will come of little surprise that global advertising giant WPP has made yet another aquisition, this time of a minority interest in Dubai-based firm GME.
GME is a consultancy services business that employs 16 people with clients that include Samsung and Heineken.
It's revenues for the year ended December 31st were around 9.5m Arab Emirates dirham (£1.6m), with gross assets at the same date of AED 2.6m (£0.4m).
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
"This acquisition continues WPP's strategy of investing in important sectors and its commitment to developing its businesses in the important and fast-growing Middle East markets," the firm said.
NR
Sign up for MoneyWeek's newsletters
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.
-
Cash in on the growth prospects of Europe's companies
Opinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
By Marcel Stotzel Published
-
Is the AI boom another dotcom bubble?
25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
By Dan McEvoy Published