Ebiquity Buys 51% Stake In Milan-Based Media Advisor

23rd Jun 2010 11:12

LONDON (Dow Jones)--Ebiquity PLC (EBQ.lN) announces Wednesday that it has acquired a 51.0% stake in Media Advisor, a privately held independent media consultancy based in Milan. MAIN FACTS: -The business was acquired from the vendors, Arcangelo diNieri and Maria Gabrielli, who will continue to hold 49.0% of the company. -At the same time, Ebiquity has increased its shareholding in Billetts Germany GmbH) to 51%, consolidating its ownership position in the German market. -These two moves form part of the expansion of Ebiquity's international footprint, adding to its significant geographic reach and widening its service, including the additional lines-of-business following the acquisition of Xtreme Information in April. -Shares at 1011 GMT unchanged at 61.5 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 23, 2010 06:12 ET (10:12 GMT)