6th Jan 2016 07:07
LONDON (Alliance News) - WPP Group PLC said Wednesday it has acquired a majority stake in South Korean digital agency Vinyl I-Co Ltd, via is wholly owned company Grey Group.
Financial details of the acquisition were not disclosed.
WPP said that Vinyl-I, which is based in Seoul, has clients including Microsoft Corp, L'Oreal Group and Nike Inc, amongst others.
Vinyl-I reported gross revenue of KRW12.8 billion in 2014 and had gross assets of KRW4.2 billion at at the end of 2014.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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