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Wpp Plc's GroupM Agrees To Acquire A Majority Stake In NB Agency Asia Holding Limited

Thursday, 1 Nov 2012 06:22am EDT 

Wpp Plc's GroupM announced that it has agreed to acquire a majority stake in NB Agency Asia Holding Limited (Netbooster Asia), the Hong Kong holding company of digital marketing agencies in the Philippines and Indonesia, subject to regulatory approval. Founded in 2007 and based in Manila and Jakarta, Netbooster Asia is a digital marketing agency offering media, production and creative services. The agency employs around 110 people and clients include Unilever, L'Oreal, Del Monte, Globe, BDO, Wyeth and Intel. This acquisition will see Netbooster rebrand in the Philippines as Movent. In Indonesia, the agency will be consolidated into GroupM's digital offering. Terms of the agreement were not disclosed . 

Company Quote

-1.15 -1.08%
4:00pm EDT