WPP to acquire majority stake in 41?29! Media (Turkey)

WPP announces that it has agreed to acquire a majority stake in 41?29! Media Internet (“41?29!”), an independent digital communications agency based in Istanbul.

Founded in 2007 by Alemsah Ozturk, Bora Akman and Omer Ersoy, 41?29! offers digital communications services to clients across all business sectors. The agency employs 48 people and clients include Diageo, Garanti Bank, Kraft, Microsoft, Nokia, Renault, Ulker and Unilever.

41?29!’s unaudited revenues for the year ended 31 December 2011 were approximately TL 5 million, with gross assets at the same date of approximately TL 2.4 million.

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