Don't miss ADWEEK House at Cannes, June 16-19. Join us as we celebrate our 45th anniversary and explore the industry's now and next. RSVP.
The spat between WPP and former CEO Martin Sorrell over the future ownership of digital production company MediaMonks quickly escalated into a potential legal battle this week.
The Guardian first reported late Thursday that the holding group Sorrell ran for 33 years sent a letter to his London-based law firm, Lewis Silkin, arguing that any attempt to acquire the Amsterdam-based network would violate the confidentiality agreement Sorrell signed when he left the company in April.
WPP spokespeople declined to comment today.
A source close to Sorrell, however, confirmed the existence of the letter, which was sent to Sorrell personally rather than to his new company, S4 Capital.
The
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in