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Razorfish buys Wysiwyg – WPP denies it’s buying Razorfish

Microsoft Corp.’s Razorfish digital ad agency has bought Spanish digital firm Wysiwyg yesterday to expand in Europe and said it aims to generate a third of sales outside the U.S. by the end of 2009.

Advertising Age reported on Aug. 25 that Microsoft has held talks to sell Razorfish to London-based WPP Group Plc, the world’s second-largest advertising agency however Razorfish is denying the story.

Our sources at Advertising Age have stuck to the story, and claimed that both firms didn’t want to discuss a failed merger…. hence discrediting the actual factual report.

story is developing…….

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