Advertisement
UK markets closed
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     
  • AIM

    745.67
    +0.38 (+0.05%)
     
  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     
  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     
  • Bitcoin GBP

    52,024.04
    +766.53 (+1.50%)
     
  • CMC Crypto 200

    1,334.09
    +21.47 (+1.64%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     
  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     

WPP and Providence agree Chime deal for 374 mln stg

LONDON, July 31 (Reuters) - Martin Sorrell's WPP (LSE: WPP.L - news) and buyout firm Providence agreed on Friday to buy British marketing group Chime Communications (LSE: CHW.L - news) for 374 million pounds ($584 million) in a bid to turn the smaller group into a global sports marketing agency.

The deal for Chime, founded by Margaret Thatcher's former media adviser Lord Bell, marks a premium of 33 percent and comes after the companies revealed the talks earlier this week.

($1 = 0.6406 pounds) (Reporting by Kate Holton, Editing by Paul Sandle)