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Move will escalate hostilities with WPP – advertising group he founded but left in April

Sir Martin Sorrell is on the verge of a €300m (£266m) takeover that will escalate hostilities with WPP, the advertising group he founded before sensationally resigning after 30 years at the helm.

The acquisition by Sorrell of Dutch agency MediaMonks, which could be announced as soon as Tuesday, comes after WPP told its former chief executive it would withhold up to £20m in future bonus payments if he goes ahead with the deal.

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