Research On Financial Risks And Prevention Of Mergers And Acquisitions Of Internet Enterprises

In recent years,the diversified development of Internet enterprises has led to frequent mergers and acquisitions.Internet enterprises hope to rapidly expand their scale and improve their position in the industry through mergers and acquisitions,however,under the influence of financial risks,not all mergers and acquisitions can achieve the ideal effect.Financial risks accompany each stage of merger and acquisition activities,and the risk types in each stage are different but interact with each other,which will eventually have an impact on the results of mergers and acquisitions.This paper selects the case of Meituan review buying mobike as the research object.Take the way of combining qualitative analysis and quantitative analysis,firstly,the fault tree analysis is used to change the enterprise M&A stages and every stage of the financial risk of partition and comb,and then through the analytic hierarchy process(AHP)combined with fuzzy comprehensive evaluation method,the quantitative risk,the size of the numerical judge the risk level of each financial risk judgment,to analyze the causes of the M&A financial risk.Through the study of this specific case,this paper extends the conclusion to the merger and acquisition of Internet enterprises,and finally draws a conclusion: in the merger and acquisition of Internet enterprises,the risk level of pricing risk and integration risk is higher than that of financing and payment risk,and the information asymmetry between the two enterprises is most likely to lead to premium acquisition.The choice of financing channels and payment methods does not bring high financial risks to Internet companies with strong strength.However,in the process of merger and acquisition,enterprises still need to pay attention to whether the capital structure of enterprises is reasonable.The integration risk cannot be ignored,the capital operation capacity risk of the acquirer and the profitability risk of the acquirer occupy the main part of the integration risk.Against these risks,this article put forward the corresponding precautionary measures,such as hiring a third party professional assessment organization to reduce the price risk,choose the right mix of payment,reduce the risk of financing and payment,in view of the integration of risk,the Internet companies should be rational allocation of resources,develop a new profit model,and according to the specific situation to choose the appropriate financial consolidation pattern.