WPP and Providence in talks on Chime deal

Chime Communications, the London-listed sports marketing specialist, is in advanced discussions to sell itself for more than £350m to Sir Martin Sorrell’s WPP and US buyout group Providence Equity Partners.Chime said that an independent committee of board members had been convened to discuss a cash offer for all its shares at 365p per share

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Kantar invests in digital media intelligence agency BIScience

WPP’s Kantar Media has acquired a stake in digital media intelligence specialist BIScience, which specialises in cross-channel and global digital media monitoring, planning and optimization. Terms of the deal were not disclosed.Kantar Invests in Digital Media Intelligence FirmBIScience’s flagship AdClarity platform enables users to make strategic decisions across display, video, mobile web, mobile apps and social media channels

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Pearson in talks to sell their stake in The Economist

The Economist magazine is up for sale after Pearson confirmed it was looking for buyers for the 172-year international business publication. Pearson, which owns a 50pc stake in The Economist Group, said it was in talks with the group’s board about seeking potential buyers on Saturday. For the full story read The Telegraph

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Pearson agrees to sale of FT Group to Nikkei Inc. for £844m

Pearson is today announcing that it has agreed the sale of FT Group to Nikkei Inc. for a gross consideration of £844 million, payable in cash. Financial Times is one of the world’s leading news organisations, recognised for its authority, integrity and accuracy. It includes the FT newspaper, FT.com, How to Spend It, FT Labs, FTChinese, the Confidentials and Financial Publishing (including The Banker, Investors Chronicle, MandateWire, Money-Media, Medley Global Advisors and more)

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GroupM acquires majority stake in directComm in Turkey

WPP announces that GroupM, the leading global media investment management group, has acquired a majority stake in directComm Marketing Group (“directComm”), a leading provider of integrated direct marketing services in Turkey. directComm specialises in digital marketing, customer relationship management, events and social media

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Teneo: The ambition is global

The acquisition of Blue Rubicon and StockWell by Teneo Holdings last week has sent shockwaves through the industry. The scale of the ambition is huge: to set up a global City and crisis shop to challenge stalwarts such as Finsbury and Brunswick

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