Study On The Value Creation Of Corporation Technical Merger And Acquisition

With the rapid development of global economy, mergers and acquisitions have become the inevitable choice for \enterprises to seek new ways under the background of such an era and the trend has been spread in the Chinese market, in addition, as one of Asia’s largest M&A market, China has built up his own way on mergers and acquisitions,more companies choose to play technology M&A synergy into full play to create enterprise value.Many scholars have also studied on the value creation of mergers and acquisitions;some authors have been engaged in the research on the factors that influence the merger and acquisition value creation; while some authors have studied the merger and acquisition value, but based on the enterprise technology, the research on the acquisition value creation is fewer. Enterprise development depends on the technology while the best way to obtain technology is mergers and acquisitions, as the enterprise technology mergers and acquisitions can help enterprises and internal stakeholders to create more values, therefore,the research on the value creation by enterprise technology M&A can provides reference for the promotion of enterprises’ own values and for other enterprises to create value through technology acquisition. By constructing technology M&A enterprise value chain theory model and based on this framework, this paper has conducted deep exploration from two aspects of soft technology and hard technology on the value creation technology in terms of its own value, social values, shareholders’ value, the creditors’ value by the enterprise technology mergers and acquisitions and has taken Lenovo’s acquisition of MOTOROLA as an example to carry on the analysis on the value creation brought by the enterprise technology mergers and acquisitions and to discuss how to bring values and what kind of value of ascension for the enterprise by the enterprise technology acquisition.Through studying the value creation of enterprise technology M&A, with theory and case combination methods, the paper discusses its impact on the enterprises’ own values of the external development and internal management, and at the same time explores theinspiration of the enterprise technology value creation on the development of contemporary society, so it is concluded that in the process of enterprise technology mergers and acquisitions, internal values and external values can be created, at the same time, the enterprise should pay attention to the integration of soft technology and hard technology in the process of technology acquisition. In this paper, the study has conformed to the current planning of One Belt and One Road and has been used as reference for the future of technology mergers and acquisitions.