WPP is reportedly in late-stage talks with US rival Picture Shop to sell a 75% stake in The Farm, its TV and film post-production house. A deal could be announced as soon as this week, although it is not clear whether founders Nicky Sargent and Vikki Dunn will be selling their 25% stake. The most recent accounts for The Farm covering the year to December 2017, show a pre-tax profit of £2.2m ($2.8m) on revenue of £28 m. In an interview last year, Mr Sargent’s daughter said that her father had been “very happy” at his job but was now looking forward “to spending more time with his family”.
WPP is reportedly in late-stage talks with US rival Picture Shop to sell a 75% stake in The Farm, its TV and film post-production house. A deal could be announced as soon as this week, although it is not clear whether founders Nicky Sargent and Vikki Dunn will be selling their 25% stake. The most recent accounts for The Farm covering the year to December 2017, show a pre-tax profit of £2.2m ($2.8m) on revenue of £28m. WPP acquired the stake more than 15 years ago, but it's no longer considered core.