Executives were unavailable for comment until the deal is fully finalized.
Founded in 2008 and based in Jakarta, Magnivate's offering includes digital strategy, social media communications strategy, rich media, online advertising, search marketing and e-marketing. The agency employs 95 people and clients include Danone, Frisian Flag, Samsung and Unilever.
Magnivate’s unaudited revenues for the year ended 31 December 2011 were approximately $1.78 million with gross assets at the same date at approximately...
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