WPP GROUP plc
25 August 1999
WPP Purchases Mediaquest Sarl,
a leading French new media agency
WPP Group plc ('WPP') has agreed to acquire, on behalf of
its wholly-owned subsidiary OgilvyOne Worldwide,
Mediaquest Sarl ('Mediaquest'), a leading French new
media agency.
Paris-based Mediaquest, founded in 1995, has a strong
reputation for progressive interactive campaigns for blue
chip clients. These include France Telecom, Electriciti
de France, Louis Vuitton, Lacoste and Lancaster.
Following the transaction, Mediaquest will be merged with
OgilvyOne's existing French interactive operations,
OgilvyInteractive, to become one of the top five
interactive agencies in France. The merged company has
combined revenues of FF30million in 1999. Mediaquest had
net assets of FF1,923,000 at 31 December 1998.
OgilvyInteractive is a worldwide interactive marketing
network with revenues of $60million in 1998. Through its
34 offices, it provides strategic consulting; website
design, production and maintenance; media research,
planning and buying; and interactive database marketing
solutions. As agency of record for clients such as IBM,
Ford, Kodak and Perrier, OgilvyInteractive, in
conjunction with MindShare, is the world's leading media
buyer on the Internet.
The acquisition of Mediaquest continues WPP's strategy of
establishing a leadership position in new media, one of
the fastest-growing sectors in communications services.
For further information contact:
Feona McEwan, WPP London 44 171 408 2204
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.