TOKYO (Reuters) - Advertising giant WPP PLC <WPP.L> has agreed to sell its stake in Japanese partner Asatsu-DK Inc (ADK) <9747.T> for 3,660 yen (24.6 pounds) per share to Bain Capital LLC, the private equity firm said on Tuesday, heralding the end of a row over a buyout offer.
ADK had sought to end a two-decade-old business alliance with WPP, asking it to sell its shares to Bain. But WPP and other large shareholders had sought a higher offer.
ADK shares jumped more 5 percent to 3,660 yen in Tuesday afternoon trade.
An ADK spokeswoman declined to comment.
(Reporting by Junko FujitaEditing by Christopher Cushing)