Deal will see CVC take on stake in Teneo acquired by BC Partners in 2015
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Deal will see CVC take on stake in Teneo acquired by BC Partners in 2015
WPP bosses have signalled a willingness to sell off underperforming parts of the global marketing empire but have ruled out a complete breakup following the departure of founder Sir Martin Sorrell, as shares surged almost 9% after a better-than-expected first quarter
Sky, which will retain an equity stake of 20% and a seat on the board of the business, said the sale will allow the business to focus on its newly-expanded pan-European pay-TV operation