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WPP ACQUIRES 49% OF UNIWORLD

News, 19 June 2000


US multicultural marketing communications company UniWorld Group has parted with 49% of its equity to UK-based WPP Group. The amount paid was unstated but Uniworld's billings are estimated at around $230 million.

Uniworld chairman-CEO Byron Lewis now reports to John Zweig, CEO of WPP's Branding & Identity, Healthcare and Specialist Communications businesses.

News source: Advertising Age - Daily Deadline