| With the increasing maturity of China’s capital market, mergers and acquisitions as a reorganization of resources gradually into present a more mainstream enterprises to expand the development of means, it is the inevitable outcome of the continuous development of the socialist market economy, to promote the enterprise to rapidly achieve economies of scale, drop low enterprise management cost, achieve M&A win-win situation between the two sides. Mergers and acquisitions strategy encompasses mergers and acquisitions for the purpose and ways to achieve the purpose, choose M&A strategy has become an important part of business development strategies.In recent years, business services company in China rise, continuous development and expansion into China’s important industries and fields, in the development scale and capital demand driven, business services company through continuously mature securities market and financial market, mergers and acquisitions into the expansion of the scale of the company’s development and business expansion. In this context, exploration and research services business of listed companies M&A strategy has important and urgent practical significance.In this paper, the GEM listed companies BlueFocus commercial services as the research object to the modern enterprise M&A strategy theory research base. BlueFocus is a company founded in 1996 of modern service enterprises, in February 2010, success in the gem listing, through their own efforts and capital expansion, has become one of the media industry has higher influence on the comprehensive business services companies.The successful experience of BlueFocus for the other business services industry listed companies with strong guidance and reference. First, the paper analyzes the wave of mergers and acquisitions at home and abroad and the domestic capital market environment, and through the currently available literature on the Motives, M&A and M&A performance model theoretical analysis, to lay a solid BlueFocus to a specific research company M&A theoretical basis; Furthermore, in the case of paper by way of the BlueFocus’Motives, M&A and M&A performance analysis model, the overall reproduction of mergers and acquisitions in recent years, the history of the BlueFocus, and BlueFocus company and M&A in-depth analysis; And finally, combining characteristics of our business services, and summarizes the enlightenment BlueFocus strategic acquisitions of other business services to listed companies, and to make further recommendations on mergers and acquisitions of listed companies business services strategy.The study suggests that this thesis:business services when carrying out mergers and acquisitions of listed companies should focus on the company’s core competitiveness and corporate strategy, a reasonable choice of M&A activity; M&A process through step acquisitions, reduced performance on gambling and other merger terms risk guarantee merger effect; in mergers and acquisitions should also state attention to integration risks, and enhance the operational efficiency of assets, merger control risk. |