Sir Martin Sorrell has completed his first acquisition deal with S4Capital having agreed the deal to buy MediaMonks and beating his former business WPP in the process.
The deal, understood to be the largest acquisition for a creative production house, described by both parties as a ‘merger’, will see the company of 750 people globally now fall under the control of Sorrell’s new venture.
According to the announcement, MediaMonks revenue stands as approximately €110m with 11 offices in 10 countries including the US, UK, Latin America, Continental Europe and Asia.
WPP was understood to be furious Read full story ›
Source: The Drum
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