13th Jul 2007 10:49
WPP Group PLC13 July 2007 FOR IMMEDIATE RELEASE 13 July 2007 WPP Completes Acquisition of 24/7 Real Media _______________________________________ New York, NY, and London, England, July 13, 2007 - WPP Group plc (NASDAQGS:WPPGY) (LSE:WPP.L) ("WPP") today announced the completion of its acquisition of24/7 Real Media, Inc. ("24/7 Real Media"). WPP's acquisition of 24/7 Real Media was structured as a cash tender offer forall the outstanding shares of common stock of 24/7 Real Media followed by amerger of a WPP subsidiary into 24/7 Real Media. In the merger, outstanding 24/7Real Media shares that were not tendered in the tender offer were converted intothe right to receive $11.75 per share, in cash, without interest. As a result of the merger, 24/7 Real Media is now an indirect-wholly ownedsubsidiary of WPP. Contact:Feona McEwan, WPP T +44 (0)20 7408 2204Fran Butera, WPP T +1 212 632 2200www.wpp.com About WPP WPP is one of the world's leading communications services groups. Through itsoperating companies it provides a comprehensive range of communicationsservices. These services include: advertising; media investment management;information, insight and consultancy; public relations and public affairs;branding and identity, healthcare and specialist communications. The Companyemploys approximately 100,000 people (including associates) in 2,000 offices in106 countries, providing communications services to more than 300 of thecompanies that comprise the Fortune 500, over one half of the companies thatcomprise the NASDAQ 100 and more than 30 of the companies that comprise theFortune e-50. About 24/7 Real Media 24/7 Real Media is a leading global digital marketing company, empoweringadvertisers and publishers to engage their target audiences with greaterprecision, transparency and ROI. Using its award winning ad serving, targeting,tracking and analytics platform, powerful search marketing capabilities andglobal network of specialized Web sites, the company has turned the art ofreaching audiences across virtually any digital medium into a measurablescience. The company is headquartered in New York, with 20 offices in 12countries throughout North America, Europe and the Asia Pacific region. Formore information, please visit www.247realmedia.com. 24/7 Real Media: The Science of Digital Marketing. 24/7 Real Media is a member of the NAI and adheres to the NAI privacy principlesthat have been applauded by the FTC. These principles are designed to helpensure Internet user privacy. For more information about online data collectionassociated with ad serving, including online preference marketing and anopportunity to opt-out of 24/7 Real Media cookies, go to:www.networkadvertising.org. Forward-looking Statement This release includes statements that are, or may be deemed to be,"forward-looking" statements. These forward-looking statements can be identifiedby the use of forward-looking terminology, including inter alia the terms"believes", "plans", "expects", "may", "will" or "should" or, in each case,their negative or other variations or comparable terminology. These forward-looking statements include matters that are not historical factsand include statements regarding WPP's intentions, beliefs or currentexpectations concerning, among other things, WPP's results of operations,financial condition, liquidity, prospects, growth, strategies, the outlook forrelevant markets and the acquisition of 24/7 Real Media. By their nature,forward-looking statements involve risk and uncertainty because they relate tofuture events and circumstances. A number of factors could cause actual resultsand developments to differ materially from those expressed or implied by theforward-looking statements. Forward-looking statements may and often do differmaterially from actual results. Any forward-looking statements in this releasereflect WPP's view with respect to future events as of the date of this releaseand are subject to risks relating to future events and other risks,uncertainties and assumptions relating to WPP's operations, results ofoperations, growth strategy and liquidity. Except as required by relevant law or regulation, WPP undertakes no obligationpublicly to release the results of any revisions to any forward-lookingstatements in this release that may occur due to any change in its expectationsor to reflect events or circumstances after the date of this release.Information in this release should not be relied upon as a guide to futureperformance. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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