WPP invests in Woven Digital in US
June 30 2016 - 8:02AM
Dow Jones News
LONDON--WPP PLC (WPP.LN) Thursday said it has invested in a U.S.
company called Woven Digital Inc., a digital media firm which
targets the millennial male market.
The communications services provider said Woven's clients
include AB Inbev, AT&T, NBC Universal and the Ultimate Fighting
Championship.
The investment is being made through WPP Ventures, a division
based in Silicon Valley and explores investments in new technology
companies, WPP said.
WPP didn't disclose the amount of the investment.
Shares at 1130 GMT down 12 pence, or 0.8%, at 1541 pence valuing
the company at 19.82 billion pounds ($28.95 billion).
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
June 30, 2016 07:47 ET (11:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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