HotWired attracts investors

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WPP Group, parent company of J. Walter Thompson and Ogilvy & Mather, Burda NewMedia and Pacific Telesis are among a group of investors that have bought a 15% stake in HotWired, the majority of which is still owned by Wired Ventures, publishers of Wired magazine. By partnering with international leaders in media, advertising and technology, Andrew Anker, president-CEO of HotWired, said, "Our goal was to gather a group of investors that would contribute more than just financial resources to fuel our growth."

Copyright August 1995, Crain Communications Inc.

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