paidContent:UK - Covering UK\'s Digital Media Economy

Current Story

WPP Secures Majority Of Game Ad Net IGA

By Robert Andrews - Thu 21 Aug 2008 08:39 AM PST

Advertising giant WPP now owns a majority of Shanghai-based in-game advertising outfit InGame Ad Interactive Technology’s owner IGA Ltd, after buying a further 12.82 percent share of the company. That takes WPP’s ownership to 55 percent, while Revolution Ventures holds 45 percent and founder shareholders the rest. WPP said the extension signified its further arrival in developing markets and its commitment to China - but it’s also another buy in the video game advertising market. In April, it bought a minority stake in Scottish game ads provider Realtime Worlds for $8.1 million, and it invested $3 million in another, WildTangent, in 2006. Release

Posted in: Advertising, Entertainment, Gaming, Money, M&A

Tags: iga,


Mark Logic Digital Publishing Summit, Thursday November 6, Westin Times Square. Insight and perspective from Outsell, Gilbane, Simon & Schuster, BusinessWeek.com, more. Evening cocktail reception. Cost is complimentary. Register now!

0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent:UK covers the business of digital media for the U.K. and European markets.

Robert Andrews
U.K. Editor

Staci D. Kramer
Co-Editor

Ernie Sander
Managing Editor

Patrick Smith
Correspondent

Dianne See Morrison
Contributing Writer

Rafat Ali
Publisher

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters