| With the rapid development of China’s economy,mergers and acquisitions have become an important means for enterprises to enhance their competitiveness.M&A can effectively increase their market share and at the same time integrate the advantages of many enterprises’resources and improve efficiency.However,financial risk is always a very important issue that affects the result of M&A.Financial risk plays an extremely important role in the entire M&A process.Therefore,this article chooses a more classic case in the industry to analyze and discuss its financial risks.In recent years,the trend of the Internet has become more and more rapid.Many Internet enterprises to improve their own competitiveness,enhance the market influence,began to continue to mergers and acquisitions.November 6,2015 Alibaba Group acquired all the shares of Youku Tudou for $ 27.60 a share in cash.This paper analyzes the background and significance of the research,the status quo and the content of the research at home and abroad,at the same time it summarizes an overview of its innovation points and deficiencies.After introducing the related theory of M&A,financial risk and the status quo of M A,at the same time put forward the Internet enterprises in the merger of the financial risk of effective measures.After studying the M&A financial risk of Internet enterprises,this paper explains the background of Alibaba’s acquisition of Youku Tudou based on case studies,and at the same time makes rigorous research on M&A subject,implementation process and M&A motivation in the case.Analyzes the financial risks existing in the mergers and acquisitions at the same time,and puts forward corresponding preventive measures according to their financial risks.In the case of Merger and Acquisition of Youku Tudou in Alibaba,the valuation risks and systemic risks before mergers and acquisitions,the risks of financing and payment in mergers and acquisitions,the risks due to integration after the merger are completed,and so on risks put forward corresponding precautionary measures.Finally,this paper summarizes,hoping to provide effective advice for future mergers and acquisitions of Internet enterprises’ financial risks. |
