The blue cursor hit by a merger failure finally stabilised after the 3rd plunge

From Wanfeng to terminate the acquisition of Austrian excellent, to Weiyuan biochemical acquisition of new energy mining abortion, and then to the Blue cursor acquisition time-sharing media frustration, the recent listed companies have failed to make mergers and acquisitions, which have been due to the capital market downturn to break the original valuation of mergers and acquisitions related to the basic factors, but also the In the media industry, several recent mergers and acquisitions have failed to analyze the factors, but also different.

On November 28, the blue cursor hit by mergers and acquisitions failed to stabilize after the fall of 3rd, the company's share price fell from 21.68 yuan to 28th 16.7 yuan, the biggest decline of 22%, after the announcement of the end of the acquisition of Time-Sharing Media on November 26. Earlier, Bo Rui spread the acquisition of the death of Kyrgyzstan, Alibaba shares Sina Weibo "talk about", Hong Kong listed companies one media sales of Taiwan business incident also several twists and turns. To examine the reasons for the resistance of these mergers and acquisitions, but not to change the trend of integration.

Main public relations business of the blue cursor for the typical interbank acquisition as a means of expansion of media enterprises, companies listed in the past three years, the continuous acquisition of this long advertising, Eun ads, the United States and Guangzhou Interactive advertising and precision Sunshine Media four enterprises, equity and investment and other five companies, to achieve rapid expansion of the business and the performance of a swift increase, Being sought after by institutions. Since January 17 this year's announcement of the acquisition of the advertisement was approved, to the announcement of the merger failure, the company from the lowest price of 22.4 yuan up to the top of the right to remove the highest price of 50.64 yuan, up to 126%.

and time-sharing media mergers and acquisitions frustrated the company's massive expansion in the process of the first "wall." According to the company, the main reason for the termination of the acquisition is the reluctance to follow the merger process will be three years of performance on the gambling period postponed to 2013-2015, the two sides can not reach an agreement. The reason behind the scrutiny is related to the lack of long-term confidence in the performance of the acquired party. "Time-Sharing Media as an outdoor advertising enterprise, most of its income from outdoor advertising agency, for three years after the location of advertising and operating conditions difficult to make a commitment." An outdoor advertising professional told reporters. The company announced to a number of agencies that it would not change the merger strategy.

and Bo Rui spread the acquisition of online games company Xiamen Gigabit is the reason is the buyer's opinion is inconsistent. October 25, the company announced, because "Kyrgyzstan's internal backbone staff shareholders strong opposition, leading to negotiations terminated." However, in the game of the acquisition of the rich experience of the Bo Rui spread in the negotiations with gigabit to find another acquisition object-Beijing Roaming valley, in the announcement of the failure of the acquisition of the Cadbury, announced 1 billion yuan to buy 70% of the roaming valley. Despite the weak market, the company's share price is firm.

Hong Kong's main board company announced on October 17 that it would sell its printing and television business and assets in Taiwan to 17.5 billion NT dollars (about 3.735 billion RMB) to Zhong, chairman of the China Trust Charitable Foundation, which triggered a 41.07% jump in shares on 18th. The deal has also been a setback. It is reported that Zhong's original shareholding ratio was rejected by the relevant departments, leading to the signing of the 28th merger Agreement into Formosa Plastic Group, Wang Zhong Group and Zhong to participate in mergers and acquisitions, the controlling party changed to Formosa Plastic Group.

"Cultural media industry mergers and acquisitions have a difficult valuation, the volatility of profits, the policy threshold for many problems," said a manager of Shanghai cultural Industry Equity Investment Fund, "however, China's cultural and media enterprises in many, small scale, mergers and acquisitions in the field of cultural media will certainly be more and more frequent." ”