WPP has acquired the full ownership of Y&R and Wunderman joint venture agency assets across Southeast Asia and Taiwan to continue its growth in pan-Asia.
It has also acquired Dentsu Sudler & Hennessey in Japan, following a share swap transaction with Dentsu Inc. Dentsu Sudler & Hennessey will further be rebranded as Sudler.
According to WPP, its companies across Asia Pacific generate revenues of almost US$4.8 bn including associates and employ more than 53,000 people.
Recently, Sir Martin Sorrell stepped down as chief executive of WPP. Post that, WPP’s new-look leadership team addressed investors where they offered a glimpse into what the future will hold for the company without its long-standing leader.