Sanqi Interactive Entertainment's Continuous Merger Case Analysis

In recent years,the transformation of the national economic structure has clearly driven the overall M&A market.Under the support of national policies,the MTM industry is very active in M&A activities,and the scale of M&A is constantly expanding.As the companies in the TMT industry are eager to occupy the market leading position after the gradual listing,expand their scale and business scope,and obtain higher profitability faster,the listed companies in the TMT industry are keen on the extension of continuous mergers and acquisitions.The continuous M&A behavior is different from the simple single merger.The M&A is continuous and the frequency is high.Whether the continuous M&A can bring better benefits to the listed companies in the TMT industry,help the company achieve the strategic expansion goal,and expand the scale is the main research of this paper.problem.This paper mainly selects the listed companies in the TMT industry as the case study object,combined with domestic and foreign scholars' research on the continuous merger,merger and acquisition motivation,M&A performance,and through the motivations before and after the continuous merger and acquisition of Sanqi Interactive Entertainment(Shanghai)Technology Co.,Ltd.).Performance analysis,to draw meaningful conclusions,can provide reference for other similar listed companies in the TMT industry.Through the case study,it is found that from the perspective of changes in financial performance indicators,Continuous mergers have brought good profitability to Sanqi Interactive Entertainment(Shanghai)Technology Co.,Ltd.),and their operational capabilities,solvency and growth capabilities have been improved.A certain economies of scale have emerged,increasing their market share and market share.After these several mergers and acquisitions,Sanqi Interactive Entertainment(Shanghai)Technology Co.,Ltd.)has expanded its business scope,and after integrating the resources of the target enterprises,it has further improved its panentertainment and diversified strategic layout.With the emergence of diversified trends in the development of the TMT industry and its sub-sectors,enterprises in this industry must follow the development trend of the industry,select reasonable target enterprises and mergers and acquisitions methods according to their own conditions,and achieve strategic goals of corporate diversification through reasonable mergers.Continuous mergers and acquisitions can make up for the shortcomings of TMT industry enterprises in the development process to a certain extent,continuously enhance their sales capabilities,continue to expand their enterprise scale,and help them quickly occupy a strong position in the industry.