VENTURE CAPITAL POST

Share prices of WPP have been witnessed to rise by 98% between 2011 and 2015. Acknowledging WPP CEO Sir Martin Sorrell’s efforts, the world’s largest ad firm is going to announce £60 million Pay Package for him. But the ad agency’s move may again face opposition from the shareholders following earlier precedence.

Chime Communications plc shares on London Stock Exchange (LSE) soared to 361 pence per share on Thursday as the board approved the GBP365 million takeover offer from Providence Equity Partners and WPP.

IBM is enjoying a wave of major technology outsourcing deals from European customers in the fourth quarter and the new contract signings are not over yet, an executive for the computer services giant said in an interview.

JWT, a New York, US-based operating company of advertising giant WPP, entered an agreement to pick up a majority stake in Mumbai, India-based social media agency Social Wavelenth for an undisclosed amount to expand its market reach.

California, US-based YouTube multi-channel network Fullscreen added Texas-based video game media firm ScrewAttack for an undisclosed amount just a couple of months after it bought mobile-video startup Supernova.

New York, US-based social media management startup Percolate landed $24 million in a Series B funding led by Sequoia Capital to help companies monitor conversations and create content on social media.

Dawn Capital led the Series C funding round for software firm eCommera which raised $41 million. Other investors in the round were ePlanet Capital, Westcoast Capital, WPP and WTI, TechCrunch reported.

Britain-based advertising group WPP denied a report from The Daily Mail's that the company is planning a takeover bid for US-based marketing group Interpublic (IPG).

WPP Plc announced its purchase of a stake in the multi-platform agency Candyspace Media Ltd.

Facebook believed that advertisement price US$2.5 million per day was reasonable considering the potential of 1 billion users watching the 15-second long video ad.

A new giant was created through the merger of Publicis and Omnicom which overshadowed WPP's dominance of more than four years in the communications market.