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WPP Buys Majority Stake In Digital Agency Essence

4th Nov 2015 08:05

LONDON (Alliance News) - Advertising and marketing giant WPP PLC on Wednesday said it has acquired a majority stake in digital agency Essence.

Essence is a digital media buyer based in London and manages a media spend of more than USD700.0 million.

No financial details on the acquisition were disclosed.

WPP shares were up 0.2% at the open on Wednesday, trading at 1,493.00 pence.

By Sam Unsted; [email protected]; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.


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