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WPP in talks with Alibaba and Tencent over $2.5bn deal

Credit: City A.M.- Published on July 21, 2018
A consortium of Chinese tech firms is in talks to buy a minority stake in FTSE ad giant WPP's operations in China. 

Alibaba, Tencent, and venture capital firm China Media Capital Holdings (CMC) are in the early stage of discussions to buy around 20 per cent of WPP China. 

However, talks are likely to take several months...
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