By: Stuart Thomas and Michelle Atagana
WPP, the global advertising giant, is set to buy a controlling stake in Quirk, a leading South African digital agency with offices in Cape Town, Johannesburg, London, Durban and Kenya.
Quirk's unaudited consolidated revenues for the year ended 28 February 2014 were approximately R140-million, with gross assets at the same date of approximately R68-million. It's understood that the deal was made, at least in part, to aid in the company's expansion into Africa.
Quirk refused to divulge ...