The Week: People News - M&C boosts Walker stake

M&C Saatchi is to buy half of Phil Georgiadis' remaining shares in Walker Media for around £3 million. Georgiadis, the Walker Media chief executive, who co-founded the agency a decade ago, retains a 4.75 per cent stake. M&C Saatchi now controls 93.75 per cent of Walker Media.

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