0
General

Alibaba, Tencent, China Media Capital form consortium to buy stake in WPP China

Monday 23 July 2018 | 08:56 CET | News
A consortium made up of Alibaba, Tencent‎ and China Media Capital (CMC) is in talks to buy a stake worth about 20 percent in WPP China, Sky News reported. The deal, which is at an early stage and could still take months, is expected to value the business at USD 2-2.5 billion.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Alibaba / CMC / Sky / WPP
Countries: China
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Alibaba partners Mail.ru, Megafon to expand Russian business

Published 11 Sep 2018 16:34 CET | Russian Federation
Chinese e-commerce giant Alibaba Group has agreed to found a joint venture with the Russian Direct Investment Fund (RDIF), ...

Tencent revenue growth slows in Q2 on weaker mobile games business

Published 15 Aug 2018 14:24 CET | China
Chinese internet group Tencent reported a slowdown in revenue growth in the second quarter to 30 percent, for total revenues of ...

Tencent joins LoRa Alliance, to build LoRaWAN in Shenzhen

Published 31 Jul 2018 09:30 CET | China
Tencent joined the LoRa Alliance at the highest level, further accelerating the adoption of LoRaWAN technology. This news ...

AT&T confirms acquisition of ad exchange platform AppNexus

Published 25 Jun 2018 16:00 CET | World
AT&T has announced the acquisition of advertising technology company AppNexus for an undisclosed sum, confirming recent reports. ...





Calendar   /   Industry Events

20 Aug Africa Peering and Interconnection Forum
22 Aug Vocus FY results
22 Aug Sky NZ FY results
22 Aug Sunrise Q2 2019
22 Aug VMware fiscal Q2
22 Aug China Telecom H1 2019
23 Aug Mobilezone H1 2019
25 Aug VMworld 2019 US
26 Aug Amaysim FY results
26 Aug Chrous FY results
26 Aug Bezeq Q2 2019
27 Aug Partner Communications Q2 2019
27 Aug Ooma Q2 2019
27 Aug MNF Group FY results
27 Aug ZTE H1 results
27 Aug Hewlett Packard Enterprise fiscal Q3
27 Aug Aviat Networks fiscal Q4
27 Aug Tamedia H1 2019
27 Aug Connected Health Summit
29 Aug Tele Columbus Q2 2019
29 Aug Dell Technologies fiscal Q2
29 Aug Bouygues Telecom Q2 2019
29 Aug Cyfrowy Polsat Q2 2019
29 Aug Tech Data fiscal Q2
29 Aug Marvell Technology fiscal Q2
29 Aug Axiata Q2 2019
29 Aug Tele Columbus AGM
::: More Calendar Items