WPP CEO To Retire, Alphawave Gains, Telefonica Consolidation Talks

On this episode of Stock Movers:
- WPP Chief Executive Officer Mark Read is set to retire at the end of the year, kicking off a search for a successor at one of the world’s largest advertising agency groups as it grapples with slowing sales.
- Qualcomm has agreed to buy London-listed semiconductor company Alphawave for about $2.4 billion in cash to expand its technology for artificial intelligence.
- Telefonica and Masorange have held informal talks on a potential deal for Vodafone Spain, people familiar with the matter said, a move that could lead to further consolidation in the country’s telecom market.

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