--Private-equity group Bain Capital and advertising company WPP plan to break up and sell Kantar, abandoning plans to pursue an initial public offering of the research firm, the Financial Times reports, citing unnamed sources.
--Bain--which owns 60% of Kantar--and WPP--which keeps a minority stake in the business--had previously considered a listing for what was left of Kantar after a $1 billion sale of the firm's media business to H.I.G. Capital in January, but are now seeking to sell its big divisions due to worries over the IPO market, the FT reports.
--Bain, WPP and Kantar declined to comment, according to the FT.
Full story: htTps://shorturl.at/R33Wp
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
March 10, 2025 02:19 ET (06:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。