Edelman buys Imageland Russia

MOSCOW: Edelman has acquired Imageland Russia and purchased a 50% stake in Imageland Ukraine, the agency announced Monday. Terms of the deal were not disclosed, but it is expected to close on May 1. Both Imageland Russia and Ukraine are among the biggest PR agencies in their respective markets. With the acquisition, Edelman now has a position in all four BRIC countries. Imageland Russia recorded more than $6 million in revenue in 2007.

MOSCOW: Edelman has acquired Imageland Russia and purchased a 50% stake in Imageland Ukraine, the agency announced Monday. Terms of the deal were not disclosed, but it is expected to close on May 1. Both Imageland Russia and Ukraine are among the biggest PR agencies in their respective markets. With the acquisition, Edelman now has a position in all four BRIC countries. Imageland Russia recorded more than $6 million in revenue in 2007.

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