WPP (WPP) is in discussions to sell Spafax, a provider of in-flight entertainment whose clients include leading airlines, Sky News’ Mark Kleinman reports. The advertising giant is working with bankers on a disposal of the business, which it purchased a quarter of a century ago, with sources telling Sky that WPP is hoping to bring in between GBP50M and GBP75M in a deal.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WPP: