A Research On The Reason Of High Premium Of M&A In TMT Listed Companies In China

At present,China's TMT is ushering in a wave of mergers and acquisitions,TMT is strategically significant to the upgrading and transformation of economic,and a symbol of the future direction of industrial development.Mergers and acquisitions in the process of pricing and payment of mergers and acquisitions premium play a vital role on the success of mergers and acquisitions.At present,China's TMT is listed initiated the phenomenon of high-premium payment of industrial mergers and acquisitions.In summary,the study of TMT industry listed companies of high premium rationality and risk,has a very important practical significance.Based on the existing M&A premium and M&A performance theory at home and abroad,37 Interactive Entertainment as a typical example of the listed companies in the market environment of M&A activities as a case,Studying the reason of the high premium formation from investors to TMT industry outlook,principal's synergies,target enterprise's value,the management of the M&A premium risk.So as to provide a lot of inspiration and advice on the premium operation of the TMT industry.Through the study of the case,it is found that M&A is a good way for TMT company's expansion.The high premium prevalent phenomenon in TMT industry,in which M&A can be used to analyze the characteristics of TMT industry,synergies and lack of existing asset pricing methods.TMT industry mergers and acquisitions should be combined with their own strategic positioning to select the appropriate M&A target,pay attention to control the premium level,strengthen the risk of M&A management...