WPP acquires Grey Global

WPP Group has beaten Hellman & Friedman and Havas in the bidding battle to acquire Grey Global, the world’s seventh-largest marketing services group.

WPP Group has beaten Hellman & Friedman and Havas in the bidding battle to acquire Grey Global, the world’s seventh-largest marketing services group. WPP is to pay $1.52bn (£844m) in a mixture of cash and shares. (Leader, page 5, George Pitcher, page 35).