Mergers And Acquisitions Motivation And Performance Evaluation Of IT Enterprises

Through mergers and acquisitions,more and more companies go out to enter the foreign market and join the internationalization.Driven by the strategy of "going out",domestic mergers-and-acquisitions market has become increasingly active in order to be able to integrate into the global economic chain.Thus,cross-border mergers and acquisitions become a very good choice for Chinese enterprises.Under this background,the research of the transnational mergers and acquisitions,the understanding of mergers and acquisitions motivation and M&A performance problems in enterprise mergers and acquisitions,can promote the development of the enterprise mergers and acquisitions and to increase the success rate of M&A,which benefits the development and the internalization of Chinese enterprises.This thesis focuses on mergers and acquisitions motivation and M&A performance as well as taking Lenovo merger IBM PC Department and MOTOROLA Mobility Department as the analysis object.The first part is the introduction.This part mainly introduces the research background and its significance,the literature review of domestic and foreign relevant theories,this research idea,the methods and the main contents and possible innovations.The second part is the related theory analysis of mergers and acquisitions.The third part is the analysis of the status quo and of the motivation of M&A of China's IT industry.The fourth part is case study of Lenovo merger,which is done specifically based on the individual case.Then it uses a series of methods such as theoretical analysis,case analysis and so on to analyze Lenovo acquisition performance,then makes a concrete analysis from the short-term view and the long-term view.At last,it is concluded that enterprises need to know the M&A motives in mergers and acquisitions,find complementary businesses,select rational agents,pay attention to the integration after M&A,risk prevention,and the product life cycle,etc.