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Phil Georgiadis, the chairman and co-founder of Walker Media, has sold his remaining 4.75 per cent stake in the business to M&C Saatchi for pounds 4.8 million in cash and shares.
M&C, which now owns 100 per cent of Walker, also posted pre-tax profits of pounds 8 million for 2007, up from the previous year's pounds 1.2 million loss. ...