WPP is reportedly selling its 25% stake in sports marketing agency Chime. The deal will see the company sell a majority of its shares to an unnamed Chinese investor, according to Bloomberg. The potential deal is part of an overhaul designed to simplify the business and pay off its debt which stood at £4bn in December. It WPP recently sold Wire & Plastic Products to its management team, and is also selling its 75% stake in The Farm.
WPP is reportedly selling its 25% stake in sports marketing agency Chime. The deal will see the company sell a majority of its shares to an unnamed Chinese investor, according to Bloomberg. The potential deal is part of an overhaul designed to simplify the business and pay off its debt which stood at £4bn in December. WPP recently sold Wire & Plastic Products to its management team, and is also selling its 75% stake in The Farm.