| Nowadays,with the continuous and rapid development of China’s Internet technology,the impact of the Internet model on China’s economy and society has become increasingly prominent,and various aspects of people’s lives have become more and more integrated with the Internet.The rapid and rapid expansion and development of the Internet industry not only affects all aspects of the economy and society,but also creates favorable conditions for premium mergers and acquisitions among Internet companies.Mergers and acquisitions have become a means for Internet companies to use the most common use of transformation and development.The operation mode of M&A can not only expand and transform the traditional industry to the Internet industry,but also fully integrate all aspects of resources after the merger,and finally optimize the overall Internet industry.Therefore,for the optimization and development of the Internet industry,premium mergers and acquisitions have become a new feature of integration,expansion and development among enterprises.Based on this background,it is necessary to conduct research on premium mergers and acquisitions among Internet companies.Because he can not only re-examine the development of the Internet industry based on the macro level,but also conduct more rational value assessment and objective analysis of the entire industry through premium mergers and acquisitions between enterprises.Based on this objective reality,this paper first systematically combs and analyzes the theoretical literature of domestic and foreign scholars on the merger and acquisition of Internet companies.Based on this,this paper systematically studies the current development status of premium mergers and acquisitions among Internet companies in China.The paper focuses on the high-quality M&A cases between the three Internet companies and the three Internet companies,and analyzes the three aspects of M&A motives,M&A plans and M&A performance,mainly for the M3 mergers and acquisitions.The market performance of Daoxi Technology is to conduct specific and in-depth research to objectively,accurately and effectively evaluate the market performance of short-term,long-term and non-financial indicators.The resultsobtained from the analysis of the performance of its premium mergers and acquisitions show that after the completion of the premium mergers and acquisitions of Daoxi Technology,although the indicators have declined in the short term,the three-five interconnections successfully integrated the existing After the technical resources and business channels,it successfully realized its transformation to the Internet industry,and the overall performance of the post-merger companies also showed a positive effect.Therefore,this paper systematically studies the case of the acquisition of Daoxi Technology by the 35 th Internet,and the results obtained have certain theoretical and practical significance. |