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Sorrell beats WPP in race to win Dutch agency MediaMonks

Reuters  |  LONDON 

LONDON (Reuters) - Martin Sorrell has beaten WPP in the race to buy the highly coveted Dutch agency MediaMonks, in a move that is set to further strain tensions with the company he founded.The 73-year-old Sorrell left the world's biggest advertising group WPP in April over a complaint of personal misconduct. Leaving without a non-compete clause, he set up a new company weeks later and took on WPP in a bid battle for its first acquisition. WPP warned Sorrell earlier this month that he could lose his multi-million pound share awards payout if he did not back off from the competition for ...

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First Published: Tue, July 10 2018. 12:17 IST
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