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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.

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Categories: General
Companies: Alibaba / CMC / Sky / WPP
Countries: China
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