--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)
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