1136 GMT - Ipsos decision to walk away from a potential offer to buy Kantar Media is a minor setback for shareholder WPP, AJ Bell says. The U.K. advertising and marketing-services group founded the TV ratings data business but sold a 60% stake in parent group Kantar to Bain Capital in 2019, AJ Bell notes. "While that means the remaining stake is only an investment for WPP and doesn't represent an operating subsidiary, 40% of a potential 1.0 billion euro sale would have been a nice early Christmas present for U.K. media group," analyst Dan Coatsworth writes in a note. WPP shares are down 0.9% at 857 pence.( najat.kantouar@wsj.com)
(END) Dow Jones Newswires
December 05, 2024 06:38 ET (11:38 GMT)
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