Announced
Completed
Financials
Sources
Tags
Media Agencies
sports marketing
Media
Public
Mbo
Scheme
Completed
Friendly
Single Bidder
United Kingdom
Majority
Private Equity
Synopsis
Providence Equity Partners and WPP agreed to acquire Chime Communications plc for approximately £374m ($576.8m) in cash. WPP already owns 20% in Chime and reportedly plans to keep it stake at that amount, making Providence the majority owner. London-based Chime is a communication and sports marketing group.
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