Entrepreneurial State inventory Internet mergers and acquisitions: 2013 We are married, what do you think?

According to data statistics, 2013 domestic Internet industry mergers and acquisitions nearly 50, involving mergers and acquisitions of nearly 5 billion U.S. dollars, has exceeded the historical level, including Baidu 1.9 billion U.S. dollars acquisition 91 wireless is particularly eye-catching. Internet industry into the era of mergers and acquisitions, on the one hand, VC/PE hands of a large number of Internet projects to exit, they exit the channel is less, so most of the choice of mergers and acquisitions exit, encourage start-ups to sell the company to cash; On the other hand, the high growth of Internet enterprises is also favored Below, we inventory the domestic Internet industry in this year, those more representative of the business marriage events. 1, Baidu 1.9 billion US dollar mergers and Acquisitions 91 Wireless (July 16, 2013) Baidu 1.9 billion U.S. dollar mergers and acquisitions 91 wireless become China's internet history biggest mergers and acquisitions case. 91 Wireless and Baidu itself has a very strong business complementarity characteristics, Baidu acquisition of 91 wireless, will greatly consolidate Baidu Mobile Internet portal status. Will have a huge impact on China Mobile's internet industry. Baidu will search and application store two strong entrance, directly meet the user's various search and application download requests, while connecting a large number of developers to create a healthy and complete mobile internet ecology. (2013 Hu Zemin Exclusive speech: "91 Wireless Hu Zemin: How do I Choose") 2, Baidu acquired glutinous Rice (August 23, 2013) Baidu has always wanted to O2O and local life in the field of achievements, but has been slow, this is Baidu is more worried about one thing. As China's Internet traffic is an advantage of the entrance, the wireless terminal how the layout should be Baidu is very concerned about, has been in the layout. Baidu buys glutinous rice This strategic motive is very obvious. 3, Baidu 370 million U.S. dollar acquisition of PPS (May 7, 2013) Baidu acquisition of PPS to become a cool potato after the merger of the video industry another big thing. Baidu after the acquisition of what to do? PPS entrepreneurs, investors must take into account what Baidu's purpose is to dig these people past, or strong combination to do the industry boss. Baidu acquisition of PPS and Youku potatoes when the merger of different shares, the use of 370 million of dollars in cash transactions. The founder and investors of PPS are all set to withdraw from the video. In the video user level, due to the PPS user group and positioning more in the 三、四级 market, with Archie Art has different types and characteristics of the user base, merging can achieve resource replenishment. After the completion of the love of Qi art, whether from market share or market value, are almost all the way to Youku potato, if Archie art next year, that Baidu absolutely earned. 4, Alibaba 586 million U.S. dollars to buy Sina Weibo 18% of the shares (April 29, 2013) Ali and Sina both rely on their leading social media and e-commerce advantages, to create a more active microblogging platform to explore and build a more imaginative micro-bo open ecosystem and business model. Ali to buy Sina Weibo shares more in order to enter the mobile internet, to seize market share, in the trend of better fishing gold. 5, Alibaba 294 million U.S. dollars to buy gold 28% of the shares(May 10, 2013) Alibaba in the mobile Internet investment logic mainly around mobile social, platform portal, developer data, O2O applications, maps and other five aspects to layout, 294 million U.S. dollars investment in gold, but also in the life services of the key point-map entrance to prepare. The deeper meaning is that the car network business is also under the command of Ali, Gould in the field of automotive navigation is a well-deserved king, which let Ali into the car network will become logical. 6, Suning Hongyi Joint Strategic Investment PPLive (October 2013 28) acquisition of PPLive, Su Ning's most direct thinking may be, one is to make up for the digital content consumption of the short board, which can be directly linked to tablets, mobile phones, computer products, and the future may be through video and online shopping, To achieve the ubiquitous screen in the smart home system in common. Second, Suning is trying to build a software and hardware industry chain model. Among the many buyers why PPLive will choose Su ning? The reason is very simple, whether Baidu, Ali, Sohu, pps or Hunan TV, buy PPLive will pplive completely dismembered and digestion, but sold to Suning can let pplive more independent, more in line with the CEO Tao adhere to the concept of independent development. In the past mergers and acquisitions, it can be seen that the experience of Chinese Internet companies in mergers and acquisitions is increasing, which makes mergers and acquisitions relatively simple. Both from the financial legal process, or from the integration process after the merger, are more and more mature. The buyer also tasted the sweetness. The basic process of mergers and acquisitions, several links are more important: 1, clear the motives and objectives of mergers and acquisitions strategy 2, to find and determine the target 3, the establishment of mergers and acquisitions after the target company's business integration plan. In the process of negotiation, the most important thing is that the company's advantages can be clearly presented to the purchaser. This is actually the same as financing, the more obvious the company's advantages, the higher the valuation. In the current domestic market in China, it is most important to show as much value to the buyer as possible and to enhance the interest of the acquirer. In addition, it is necessary to standardize the corporate governance structure in advance. Mergers and acquisitions are less demanding than IPOs, but require financial regulation and legal compliance. A lot of mergers and acquisitions involved in the gambling agreement, signed such an agreement, the acquirer of their own growth to have a more objective and reasonable assessment. If too radical, perhaps at that time the valuation increased, but overdrawn growth, the future promised agreement can not achieve, then also pay the cost. If too conservative, it could have an impact on corporate valuations. There is a problem with the merger, whether it is a total swap, a part of the cash, a portion of the stock, or outright cash. If you look at the development prospects of the acquirer, or the acquirer's stock market value, the stock price is relatively low, you can choose the stock. Of course, the acquirer will certainly consider merging at a high stock price, when they are more willing to give you the right price in the form of stock. If the acquirer is a competitor in the market of the merged party, the purpose of the acquirer should be seriously considered. Some mergers and acquisitions, do not developThe business of the acquirer, but to dig away the talent, take away the brand, idle company. Just like Youku buys potatoes, potatoes are not a good thing to talk about now. To ask a professional service company to help you, professional things to find professional people to do, such as law firms, accounting firms, mergers and acquisitions advisory bodies ... (see: "Entrepreneurial State" magazine, June 2013 Special Report on the merger should pay attention to the problem) 2013 domestic mergers and acquisitions of other industry representatives (sorted by time) Amoy brand large-scale integration of the first case: crack silk purchase Angel City (January 2013) since 2012, NET original brand seems to be on the trend of acquisition and acquisition. 2013 years, the days of the original brand crack silk bought Angel City, the two sides finalized the final acquisition price of 100 million yuan, the former won the latter 80% of the equity, become the largest shareholder. The acquisition has two points to consider: one is to supplement the product line, the other is to expand the scale. The domestic food industry snake Swallow Elephant "merger case: Double sinks buys Smithfield to build the global pork giant (May 29, 2013) Double sinks international buys the world biggest pork production and the processing business by the total price 7.1 billion US dollars, this transaction all pays in cash, Of these 4.7 billion dollars to pay the purchase price, and bear the latter 2.4 billion dollar debt, after the completion of the acquisition Smithfield will be privatized. The deal is causing uproar in the industry as it is again staged in the food industry. Domestic dairy industry's largest takeover case: Mengniu (June 18, 2013)--China's biggest milk supplier, Mengniu Dairy, bought the majority stake in a small rival, the company's largest international holdings, and the deal was valued at about $1.6 billion trillion. The largest case of outbound mergers and acquisitions in the domestic medical industry: minimally Invasive medical acquisition in the United States Wright (June 18, 2013), the country's largest manufacturer of interventional therapy products minimally invasive medical treatment to be through a wholly-owned subsidiary Mciroport Jude B.V. $290 million trillion in acquisitions of American Wright Jude Group's Joint reconstruction business and its assets, December 16, were completed. Because of the size of the transaction, it became the largest case in China's medical enterprises outbound mergers and acquisitions. The largest acquisition of domestic film and television industry: China strategy Film and Television acquisition of Shanghai Dayton Cultural Media Co., Ltd. (July 29, 2013) the largest number of domestic film and television acquisition projects-Huayi film and television in cash and the issuance of shares in the way to acquire Shanghai Dayton Cultural Media Co., Ltd. 100% of the equity, The transaction amount is 1.652 billion yuan. Become a representative of the acquisition in the field of literature creation in 2013. Domestic taxi app industry's first acquisition: Fast taxi acquisition of the Hornet (November 22, 2013) Taxi software market has developed rapidly. However, due to policy and other factors, the industry is facing the test of the integration shuffle. A quick taxi. Currently occupies a high market share in Jiangsu, Zhejiang and Shanghai, the national scope accounted for 41.8%One, the next step is to accelerate the international layout. After the merger, the two sides launched a new business car rental services. Relative to the application of taxi app, business car rental can bring real income, which means that taxi application enterprises in the profit model gradually explore new directions.