WPP invests in Myanmarian ad agency
Media giant WPP has entered into an agreement to buy a stake in Myanmar-based advertising agency, Today Advertising.
Media giant WPP has entered into an agreement to buy a stake in Myanmar-based advertising agency, Today Advertising.
The company, based in Yangon, employs 60 people, and WPP's investment continues its strategy of "developing its services in fast-growing and important markets and sectors," the group said today.
With this acquisition, the number of countries in which WPP operates has increased to 108. The firm, led by frontman Sir Martin Sorrell, did not disclose the size of the stake, or any financial details associated with it.
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
Today Advertising will be incorporated into WPP's Asia Pacific region division, which generates a quarter of the group's revenues per annum and employs around 42,000 people.
BC
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.
-
Investors should buy into the nuclear power renaissance – Merryn Somerset Webb
Opinion A new golden age for nuclear power is upon us, says Merryn Somerset Webb
-
ETFs are getting active - is your portfolio ready?
Active ETFs are on the rise, challenging old assumptions. Find out why more investors are choosing this transparent, liquid and tax-efficient fund structure as an active investment strategy.