15th Jun 2006 09:33
WPP Group PLC15 June 2006 FOR IMMEDIATE RELEASE 15 June 2006 WPP GROUP PLC ("WPP") GroupM acquires US-based M80, a leading online viral marketing company WPP announces that its wholly-owned operating company GroupM, the mediainvestment management network, has acquired 51% of the issued share capital ofM80, a leading online word-of-mouth marketing company. Los Angeles-based M80 was established in 1998 to manage the transmission ofword-of-mouth communications online through community activation and viralmarketing. M80 employs 18 people and had revenues for the year ended 31 December2005 of US$1.8 million, with net assets as at the same date of US$0.5m. Clientsinclude Microsoft, SegaAmerica, Universal Music Group, Twentieth Century Fox andthe NBA. This acquisition continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact: Feona McEwan, WPP 44-20 7408 2204www.wpp.com Privileged/Confidential Information may be contained in this message. If you arenot the addressee indicated in this message (or responsible for delivery of themessage to such person), you may not copy or deliver this message to anyone. Insuch case, you should destroy this message and kindly notify the sender by replyemail. Please advise immediately if you or your employer does not consent toemail for messages of this kind. Opinions, conclusions and other information inthis message that do not relate to the official business of the WPP Group shallbe understood as neither given nor endorsed by it. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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