WPP is reportedly in late-stage talks with US rival Picture Shop to sell a 25% 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 75% 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.
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.