Staff Reporters
Jan 19, 2012

WPP's Ogilvy & Mather Asia acquires stake in DTDigital

AUSTRALIA - WPP Group, via Ogilvy & Mather Asia, has acquired a one-third stake in Australian digital communications company DTDigital from STW Group for an undisclosed sum.

WPP's Ogilvy & Mather Asia acquires stake in DTDigital

DTDgital was founded by David Trewern in 1996 and was sold to STW over a number of years, ending in 2010. According to Dow Jones, its gross revenues as at 31 December, 2011 were about US$15 million and total assets of US$5 million. 

The sale also comes as Trewern, who sits on the board, prepares to launch a Sydney division of the firm, reports SmartCompany Australia. Trewern told SmartCompany that DTDigital has been working with Ogilvy on a project basis since 2007. 
 
Dow Jones estimates WPP's digital revenues in 2011 to total over US$4.5 billion - almost 30 per cent of its projected US$16 billion revenue. 
 
Source:
Campaign Asia

Related Articles

Just Published

3 hours ago

Google vs DOJ antitrust trial comes to an end, but ...

Tech giant calls on key witnesses to defend its impact on the adtech landscape against the DOJ’s claims, arguing that it does not have monopolistic power.

3 hours ago

Ebay names Gigi Ganatra Duff as new CCO

Duff joins the online marketplace from Nordstrom, where she was VP of corporate affairs.

3 hours ago

Man Therapy wants men to ‘Shoot the Sh*t’ in its ...

The ad encourages men to take a mental health assessment test without using words.

3 hours ago

ChatGPT, two years on - how is AI really transformin...

Has it really been almost two years?