Research On The Synergy Effect In The Value Creation Of Mergers And Acquisitions

With the rapid development of China’s economy,M&A plays a more and more important role in capital allocation.The occurrence of a large number of M&A events is closely related to the creation of economic value.Therefore,how to make M&A better create value and achieve the goal of 1 + 1 > 2 is of great significance to the development of China’s economic market.First of all,this thesis arranged the research on the value creation of M&A by scholars at china and abroad,and summarizes the results.Then this thesis introduces the relevant theoretical basis,and initially constructs the mechanism of M&A’s value creation.On this basis,combined with the relevant theoretical basis and analysis methods,this thesis makes a futher analysis about the case of M&A of Momo Technology Co.Ltd.through the evaluation of its entire M&A activities and results,and finally summarizes the M&A’s value creation mechanism of M&A.At the end of this thesis,based on the previous analysis,some suggestions and measures are put forward for the M&A of enterprises.This thesis holds that the exploration of M&A of Momo has initially achieved a relatively obvious value creation.Limited by the happened time of the case,it is unable to make further evaluation from a longer time span.Taking the M&A event as an example,this thesis holds that the realization of synergy,especially the first embodiment of strategic synergy,is the root of the value creation of M&A.