A Case Study of Company Acquisition

• Main Authors: Ya-ling Wong, 翁雅苓
• Other Authors: Guang-di Chang
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/9v2mr5

碩士 === 國立臺灣科技大學 === 財務金融研究所 === 100 === There are numerous cases of mergers and acquisitions in recent years. The famous cases in Taiwan are that Hon Hai invested in Sharp, and China Development Financial Holding merged KGI Securities. Moreover, in cell phone manufacturers, there are several wars for patents: a series of Apple's M&A cases, such as LaLa Inc., one online music service company, Quattro Wireless Inc., a mobile advertising company, Siri Inc., a mobile application develop Inc. and Intrinsity, a semiconductor plant. However, Google acquired Motorola Mobility in a high price. HTC also acquired all the shares of the S3 Graphics from VIA and WTI, as well as invested in Beats, a headphone plant. The main reasons for mergers and acquisitions are achieving vertical or horizontal integration and synergies. Are takeovers really able to practice in accordance with the original plan? Not all cases of acquisition will be successful and the results will not be seen in the short run. However, no matter what the reasons are, the key points are the discipline prior to the acquisition and post-acquisition management. To illustrate the details of acquisition and management, this study uses a case method to analyze the processes of acquisition and provide information about the subsequent developments after the completion of the acquisition.