Research On Value Creation Of Overseas Mergers And Acquisitions

M&A as an important means of external expansion of enterprises,much of the business community of all ages.At present,in the economic globalization and a new wave of industrial revolution,driven by cross-border mergers and acquisitions as an important way of mergers and acquisitions,its size and impact are also expanding.Although China's overseas mergers and acquisitions have made progress,but because of China's cross-border mergers and acquisitions started late,so still in the initial stage of exploration.In recent years,people have begun to pay attention to whether overseas acquisitions can create value for the enterprise.There are success stories,such as the acquisition of Volvo,such as Geely,of course,there are unsuccessful cases,such as China Ping An Insurance acquisition of Belgium Fortis Group.Improper decision-making and mergers and acquisitions can not be a good business integration is caused by the failure of overseas mergers and acquisitions of the main reasons.This article mainly aims at the purpose of creating value for overseas M&A,and through the case study of Yumor acquisition of Sina Group,the analysis of its preparatory work and the design of transaction structure,focusing on the analysis of the main and the company,Performance change and the integration process after M&A.Then concluded:Through the analysis of the acquisition of Younger,the overseas M&A in the long run for the enterprise to create value.Although the creation of value after the merger is more difficult,but with the run-in transition to the transition period,the value of creating more and more optimistic.Finally,from the perspective of integration,summed up the successful experience and lack of Younger acquisition of new horse,to provide follow-up cross-border M&A recommendations.In this paper,the use of longitudinal single case study method,research Younger acquisition of new horse is to create value for the enterprise,the answer is yes.And from the perspective of mergers and acquisitions to analyze the reasons for the creation of value.