The group did not disclose the size of its investment in Today Advertising, but chief executive Sir Martin Sorrell said the deal was “very exciting”.
He added: “It’s not often that a market of this size opens up, with this capability.”
Millstream’s £4.8m Norwegian contract
Scottish electronic tendering specialist Millstream has secured a £4.8 million contract to continue running a national procurement database for the Norwegian government.
The Aberdeen-based firm has provided the portal, which connects suppliers with public sector buyers, since 2005 and said the system has saved Norway around £2m a year by cutting the cost of publishing public tender notices.
CWW defends £1bn Vodafone takeover
Cable & Wireless Worldwide (CWW) yesterday defended its decision to back a £1 billion takeover by Vodafone after announcing a full-year operating loss of £378 million, compared with a £153m profit a year ago.
The group’s largest shareholder, Orbis, believes the 38p-per-share offer is too low, but CWW said it is an “excellent opportunity for shareholders to realise an attractive valuation”.