WPP NOT Buying Interpublic Group

Advertising Giant Not in Acquisition Mode
At least, at this time there are not plans by WPP  (Nasdaq | WPPGY) to bid for Interpublic (NYSE | IPG) …. According to Reuters, “British advertising group WPP (WPP.L) has dismissed as “completely inaccurate” a media report suggesting it is considering a takeover bid for rival Interpublic (IPG.N)…. The Daily Mail reported on Friday that rumors were rife that WPP, the world’s largest advertising group, is lining up a $25-a-share cash offer for the U.S. group. Interpublic’s shares closed on Thursday at a little more than $17.” [LINK to Reuters Story]
Bloomberg quotes CEO Martin Sorrell as saying, “What is more likely to happen is that we focus as we’ve done post the POG announcement on small, medium-sized acquisitions,” referring to the future name Publicis Omnicom Group.” [LINK to Bloomberg article]
Sir Martin Sorrell has been building a worldwide diversified marketing agency since 1985 – acquiring Wire and Plastics Products and becoming CEO of the renamed WPP Group in 1986 (LINK to company history, from the firm).
WPP recently announced the acquisition of the small firm Bottle Rocket, which builds iPhone, iPad and Android applications – Report & Commentary from Zacks.
WPP recently acquired Bottle Rocket (CLICK for LINK to their Press Release)

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