18th Jun 2007 09:04
WPP Group PLC18 June 2007 FOR IMMEDIATE RELEASE 18 June 2007 WPP GROUP PLC ("WPP") Mediaedge:cia acquires media agency MediaX in Austria WPP announces that its wholly-owned operating company Mediaedge:cia, a leadingmedia investment management network, has acquired 100% of the issued sharecapital of media agency MediaX Mediaberatung Gesellschaft mbH, ("MediaX"). Founded in 1997, MediaX is based in Vienna, Austria and employs 12 people.Clients include Erste Bank, ONE, Yesss! and Mango. MediaX's audited revenues for the year ended 31 December 2006 were €1.98million, with gross assets at the same date of €2.41million. This investment continues WPP's strategy of developing its capabilities forexisting and new clients in mature markets. Contact: Feona McEwan, WPP T. +44 (0)20 7408 2204 www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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