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Draft buys e-biz. co. Capita

Published on .

Interpublic Group of Cos.' Draft Worldwide, Chicago, acquired a majority stake in e-business company Capita Technologies. The $40 million Capita is direct agency Draft's eighth acquisition this year. Capita, which builds Web sites and handles supply and systems works for clients, will operate autonomously but eventually will move its headquarters to New York from Chicago.

Copyright July 2000, Crain Communications Inc.

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