According to press reports this morning the ever-acquisitive WPP has approached advertising agency Leagas Delaney about a possible take over. WPP CEO Sir Martin Sorrell is thought to have approached the Leagas board with the intention of bringing in into the WPP fold as the headquarters of the Red Cell Network.
The deal would provide Leagas Delaney with much needed capital following last year’s withdrawal of the Canadian group Envoy Communications from take over talks. No one from WPP was available for comment this morning.
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