Acquisition

WPP GROUP plc 25 August 1999 WPP Purchases Mediaquest Sarl, a leading French new media agency WPP Group plc ('WPP') has agreed to acquire, on behalf of its wholly-owned subsidiary OgilvyOne Worldwide, Mediaquest Sarl ('Mediaquest'), a leading French new media agency. Paris-based Mediaquest, founded in 1995, has a strong reputation for progressive interactive campaigns for blue chip clients. These include France Telecom, Electriciti de France, Louis Vuitton, Lacoste and Lancaster. Following the transaction, Mediaquest will be merged with OgilvyOne's existing French interactive operations, OgilvyInteractive, to become one of the top five interactive agencies in France. The merged company has combined revenues of FF30million in 1999. Mediaquest had net assets of FF1,923,000 at 31 December 1998. OgilvyInteractive is a worldwide interactive marketing network with revenues of $60million in 1998. Through its 34 offices, it provides strategic consulting; website design, production and maintenance; media research, planning and buying; and interactive database marketing solutions. As agency of record for clients such as IBM, Ford, Kodak and Perrier, OgilvyInteractive, in conjunction with MindShare, is the world's leading media buyer on the Internet. The acquisition of Mediaquest continues WPP's strategy of establishing a leadership position in new media, one of the fastest-growing sectors in communications services. For further information contact: Feona McEwan, WPP London 44 171 408 2204

Companies

WPP (WPP)
UK 100

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