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

Is cheap the new black? E-commerce's existential crisis

Ultra-cheap e-commerce is a race to the bottom. CMOs must build value-driven strategies to survive the "87% OFF!" era, opines the author.

3 hours ago

Omnicom, WPP and Publicis shops vie for top spots ...

Meanwhile, four new agencies enter the top 20.

4 hours ago

Why brands are scaling back their sustainability ...

A record-breaking hot year makes COP29's climate finance promises feel dangerously inadequate. Corporate sustainability is crumbling under cost pressures and a "quiet" greenwashing surge.

4 hours ago

Goodbye first screen, hello wearables: IMG's vision ...

The future is multi-device, driven by the rise of wearables, personalised AI, and YouTube's dominance as the leading platform. Find detailed insights here.