TVNewser TVSpy LostRemote SocialTimes AllFacebook FishbowlNY FishbowlDC PRNewser 10,000 Words GalleyCat UnBeige MediaJobsDaily

Publicis Indeed Takes Majority Stake in Big Fuel

The talks reported by AdAge last week are over and now, Publicis Groupe continues its acquisition spree with the news that it’s immediately taken a 51 percent stake in New York-based infomercial makers Big Fuel, which of course is GM and now T-Mobile’s social media AOR.

With the move, Big Fuel will now be housed within Publicis Groupe’s VivaKi unit to serve as a social media hub/resource for fellow VivaKi shops Digitas, Razorfish, Starcom MediaVest Group and Zenith Optimedia. Big Fuel CEO Jon Bond, who will remain on board along with cohorts Avi Savar (founder/CCO) and COO/managing partner Mike McGraw, says of the deal, “”Now that social is revolutionizing global marketing, this partnership gives the agency and its clients scale, impact, and a network around the world.”

According to agency figures, Big Fuel has grown from 30 to 170 employees in 18 months. Its new parent, Publicis Groupe, will have the opportunity to increase its stake in BF to 100 percent in 2014.

Mediabistro Course

Here Are All the Black People

Here Are All the Black PeopleOn September 24, land your dream job in advertising and design at the premier multicultural career fair taking place at the Metropolitan Pavilion in NYC. Workshop your portfolio, attend mentoring sessions, learn from industry leaders, network with your peers, and most importantly, launch your career. Register now!