Chinese financial services giant and S4 competitor BlueFocus is spinning off its agencies in a $ 300 m deal with GE Capital to create Blue Impact . The newly formed company will own more than a dozen agencies including UK - based We Are Social and Chinese mobile platform Madhouse . The transaction subject to approval of Legacy shareholders, but is expected to be completed this year. GE will own 44.4 % of Blue Impact subject to the transaction being approved by Legacy shareholders . Last year BlueFocus was engaged in a bidding war for shares , losing out to S4 Capital .
Chinese financial services giant and S4 competitor BlueFocus is spinning off its agencies in a $ 300 m deal with GE Capital to create Blue Impact . The newly formed company will own more than a dozen agencies including UK - based We Are Social and Chinese mobile platform Madhouse . GE will own 44.4 % of Blue Impact subject to the transaction being approved by Legacy shareholders . Last year BlueFocus was engaged in a bidding war for shares , losing out to S4 Capital .