WPP to Allocate 200 Million Pounds in 2011 on Acquisitions, Sorrell Says

http://www.bloomberg.com/news/2011-06-13/wpp-to-allocate-200-million-pounds-in-2011-on-acquisitions-sorrell-says.html

WPP will allocate more than 200 million pounds ($325 million) this year on acquisitions, compared with a typical annual budget of 100 million pounds in previous years, Sorrell said in an interview with Bloomberg Television at the World Economic Forum in Jakarta today. The company is seeking to expand in “new media” such as the Internet, and in emerging markets, he said.