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WPP Says Wunderman Subsidiary Will Buy US E-Commerce Company Gorilla

LONDON (Alliance News) - Marketing firm WPP PLC said Wednesday that its wholly-owned ...

Alliance News 8 August, 2018 | 3:40PM
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LONDON (Alliance News) - Marketing firm WPP PLC said Wednesday that its wholly-owned subsidiary, Wunderman, is acquiring Gorilla Inc.

Gorilla is a US e-commerce company that recorded a USD40 million revenue for 2017. Wunderman, a digital agency, will pay an undisclosed sum for the business.

Gorilla will join Wunderman Commerce, Wunderman's commercial division, which combines its commerce agencies including Salmon, Fusepump, and Marketplace Ignition. The date of the acquisition was also undisclosed.

Shares in WPP were trading up 0.6% at 1,229.00 pence on Wednesday.

By Anna Farley; annafarley@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
WPP PLC 938.60 GBX -1.30

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