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New Deal


Announced

Completed

WPP completed the acquisition of Obviously.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Media Agencies

influencer marketing

Friendly

Single Bidder

Acquisition

social media marketing

Cross Border

Private

Completed

United States

Majority

Synopsis

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WPP, a British multinational communications, advertising, public relations, technology, and commerce holding company, completed the acquisition of Obviously, a technology-led social influencer marketing agency based in New York. Financial terms were not disclosed. "The creator economy has experienced huge growth in recent years, and it plays a pivotal role in shaping consumer behavior. The Obviously team brings an exceptional range of global influencer marketing capabilities and a world-class technology platform that will further strengthen our offer to clients," Mark Read, WPP CEO.

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