文化产业上市公司并购交易结构研究——以蓝色光标为例

发布时间：2018-01-01 04:41

本文关键词：文化产业上市公司并购交易结构研究——以蓝色光标为例　出处：《财会通讯》2017年05期 　论文类型：期刊论文

【摘要】：随着国家战略对文化产业的不断支持及并购政策的不断放松,文化产业上市公司的并购数量呈现快速增长的态势。本文以蓝色光标为例,旨在对我国文化产业上市公司并购交易结构进行深入研究和分析。蓝色光标在创业板上市以来,不断通过外延式的并购保持高速成长,其成熟的并购手法和完善的交易结构一直是市场关注的焦点。其中,并购的交易结构设计是并购过程中最耗时的核心环节,涵盖了交易价格、融资与支付方式、估值方式、对赌协议设置等方面的内容。合理有效的交易结构设计能够更好地协调并购双方利益关系,是并购成功、实现双赢的重要保障。
[Abstract]:Along with the national strategy for cultural industries continue to support and merger policy continues to relax, the number of mergers and acquisitions of Listed Companies in cultural industry showing rapid growth. In this paper, BlueFocus as an example, to conduct mergers and acquisitions of listed companies on the transaction structure of China's cultural industry in-depth research and analysis. Since the GEM Listing in the blue cursor, continue to maintain rapid growth through the extension of the mergers and acquisitions, the acquisition of mature practices and improve the trade structure has been the focus of the market. Among them, the design of trading structure of M & A is the most time-consuming part of the core in the merger process, covering the transaction price, financing and payment, valuation methods, the agreement on gambling setting and other aspects. The transaction structure reasonable and effective design can better coordinate the acquisition of both interests, is an important guarantee for the success of mergers and acquisitions to achieve a win-win situation.

【作者单位】：苏州工业职业技术学院;
【分类号】：G124;F271
【正文快照】： 一、引言并购已经成为企业快速发展的重要途径,是提高市场竞争力的重要手段。史蒂格尔的研究结果表明,世界500强企业的发展与壮大都离不开兼并与收购、资产联营、参股控股等手段。成功的企业并购,不仅可以扩大企业规模,提高市场占有率和影响力,还可以帮助企业进入新行业或新市

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