Study On The Payment Method Of Meituan Corporation Merges Dianping Holdings

The development of the Internet,mobile terminals,and big data has made the 21 st century’s economic development more and more dependent on the Internet.The Internet industry has become an important pillar of economic development.The Internet industry is a typical industry with a Matthew effect.The stronger the stronger.Now that the first-mover effect has been lost and the "burning money" struggle is today,it is unrealistic for any Internet company to just rely on its own development to become an industry giant or even an industry leader.It is also not in line with the corporate goal of maximizing value.Through mergers and acquisitions,companies can develop faster and more efficiently.With the establishment of the science and technology board,it has given more financing opportunities for Internet companies that have not yet been listed,and will also promote mergers and acquisitions between enterprises.The design of the structure of the mergers and acquisitions transaction in mergers and acquisitions is the core link of mergers and acquisitions.Which mergers and acquisitions payment method is used for important parts will have an important impact on the success of the M & A,the future operation of the enterprise and the value of the enterprise.As the first and second place in the O2 O industry,Meituan and Dianping Holdings are also one of the earliest companies to use preferred stock and option payment methods.Their mergers and acquisitions have deep research value and reference significance.This article uses case analysis,literature research,and comparative analysis to study the case of US group mergers and acquisitions.Using the theory of control dilution,corporate life cycle theory,signal theory based on information asymmetry,Metcalfe’s law,Zipf’s law and other theories,through the analysis of the special financial instruments of Meituan and the impact of different payment methods on enterprises The analysis then uses the maximization of corporate value as a criterion to analyze the impact of different payment methods on corporate valuation.Finally,assist in finding suitable mergers and acquisitions payment methods for corporate mergers and acquisitions purposes.This article first elaborates the research background,research significance of this article,the current research status of mergers and acquisitions payment methods at home and abroad,and determines the research methods and ideas.Secondly,it defines the related concepts and elaborates the related theories of mergers and acquisitions payment methods.Subsequently,the case was introduced,and related explanations were made from the background of the industry,the relevant situation of Meituan and the public comment,and the transaction process.Thenanalyze the case.This article analyzes the impact of mergers and acquisitions payment methods on companies as a starting point,and combines the characteristics of the valuation of the Internet industry to build a modified DEVA valuation model based on the DEVA valuation model and the cost of capital.The impact of different payment methods on Meituan’s corporate value.Finally,conclusions and recommendations are summarized.This article analyzes that mergers and acquisitions payment methods have an impact on corporate value,and preferred stocks as a mergers and acquisitions payment method are of reference significance to the Internet industry.