 In 1990, the name of the company was officially changed from "WCRS" to "Aegis Group".In July 2012 the Japanese advertising company Dentsu agreed to acquire Aegis for £3.16 billion (US$5 billion).Aegis shareholders approved the transaction on 16 August 2012 and the acquisition was completed on 26 March 2013 following receipt of clearance from the antitrust authorities of China.