Boss of WPP’s Kantar in talks over $4.8 billion buyout of unit, Times says

0

The boss of Kantar, the data and market research division of advertising giant WPP, has been sounding out backers for a potential 3.5 billion pounds ($4.8 billion) management buyout of the unit, The Times reported.

Without citing sources, the newspaper said Eric Salama has been in talks with banks and private equity firms since Martin Sorrell stood down as WPP chief executive two weeks ago.

Sorrell’s exit after 33 years triggered speculation that WPP could be broken up.

WPP will on Monday publish first-quarter results – its first set of numbers since Sorrell quit.

Leave a Reply

Show Buttons
Hide Buttons
Powered by Live Score & Live Score App