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WPP unit GroupM buys Dutch digital media co Reddion


Published : Tue, 30 Jan 2007 11:43
By : Agencies
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LONDON (AFX) - WPP Group PLC said its unit GroupM has acquired Reddion BV, a Dutch digital media and electronic company to develop its networks and strengthen its capabilities in digital media.

Reddion had a turnover of 2.2 mln eur for the year ended Dec 31 2005, with gross assets at the same date of 3.4 mln.

In a separate statement, the company said WPP Digital has acquired a 2.5 pct stake in mobile search and advertising company JumpTap Inc.

No financial details were disclosed.

newsdesk@afxnews.com

ash/tsm/slm

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