WPP does deal with Dentsu Inc to acquire full ownership of agencies in Asia Pacific region

WPP has acquired full ownership of Y&R and Wunderman joint venture agency assets across Southeast Asia and Taiwan, and Dentsu Sudler & Hennessey in Japan, following a share swap transaction with Dentsu Inc.

This transaction marks WPP’s continued commitment to expanding in key growth markets and supporting clients through a strong pan-Asian network offering.

The transaction includes Y&R in Malaysia, Singapore, Thailand and Vietnam; Wunderman in Taiwan and Thailand; and Dentsu Sudler & Hennessey (to be rebranded as Sudler) in Japan.

Collectively WPP companies across Asia Pacific generate revenues of almost US$4.8 billion including associates and employ more than 53,000 people.