您当前的位置:牛牛财经 > 股票

从 Google(GOOG.US)、阿里巴巴(BABA.US)、腾讯(00700)巨额收购案看“巨头并购战略”

2019-03-17     牛牛财经   来源:
文章摘要:本文来自微信公众号“晨哨并购”,作者:文飞翔。对中美两国的很多创业者、投资人而言,Google(GOOG.US)、阿里巴巴(BABA.US)、腾讯(00700)(GAT)的收购是一个很好的退出策略,但具体到这三家而言,收购不仅仅是财务计算、战略价值更为重要。从IT桔子、Crunch….

benwenlaiziweixingongzhonghao“晨chenshaobinggou”,作zuozhe:文wenfeixiang

duizhongmeiliangguodehenduochuangyezhe、投touzireneryan, Google(GOOG.US)、阿alibaba(BABA.US)、腾tengxun(00700)(GAT)的deshougoushiyigehenhaode退tuichucelue,但danjutidaozhesanjiaeryan,收shougoubujinjinshicaiwujisuan、战zhanluejiazhigengweizhongyao

congIT桔jiezi、Crunchbase的deshujukeyikandao,GAT三sanjiazaitouzi、并binggoulingyu,无wulunshishuliang、还huanshijine,都duchaoguoliaojuedaduoshu VC、PE 的debuju。我womenjintiancongshujukuzhongzhengliliao GAT 三sanjiaguoqubinggoujinede TOP10 案anli,管guanzhongkuibaoyibanlaikansanjiajutoudebinggoubuju

zhu:Google、腾tengxun、阿alidebufenshougou,因yinweimeiyoupilujutijine,不bupaichuyougenggaojinedebinggoushijianbeiyilou,请qingjianliang,也yehuanyinghewomenlianxi、补buchongshuju

duibiyishangshuju,来laizuoyixiefenxi

1、花huaqianfangmian,阿alibabazuiduo,10 家jiagongsihuaquliao 273 亿yi美元、平pingjun 27.3 亿yi,超chaoguoliao Google 的de 11 家jiagongsi(因yinweizuihou 2 家jiabinggoujineyiyang)合hejide 260.5 亿yimeiyuan。相xiangbieryan,腾tengxunhuaqianzuishao,10 家jiagongsishougouhualiao 137.94 亿yimeiyuan、平pingjunmeijia 13.79 亿yimeiyuan

2、巨jutoushougou、战zhanlueyouxian。从cong TOP10 并binggouanlidexingyelaikan,都dushijinkaozhuyehuozhezhanlueyewu

dui Google 而eryan,这zhexiejiaoyifanyingliao Google 的dezhanlueyanbian:广guanggaojishu(AdMob,DoubleClick)、技jishuchubei(ITA Software,Postini)、海hailiangxinxi (Waze,Youtube)、移yidonghulianwang (Motorola Mobility,Apigee,HTC-Pixel Smartphone)、AI 人rengongzhineng (Nest,DeepMind)。

duialibabatongyangruci,尤youqishijiejueliaojizhangguanjianmenpiao:零lingshou (高gaoxinlingshou)、本bendishenghuo (饿eliaome)、跨kuajingdianshang (Lazada,Trendyol)、金jinrong (恒hengshengdianzi,WorldFirst)、内neirong (优youkutudou,文wenhuazhongguo),UC 优youshi、高gaodeditudedaeshougoubangzhuqinadaoliao「移yidonghulianwangmenpiao」、饿eliaomedeshougouyiyitongyangruci

duitengxuneryan,收shougougengweijizhong,仅jinjinweiraohudongyulezhegelingyu,在zaiyouxi、网wangluowenxue、音yinlejinxingziyuanzhenghe,尤youqishiyouxixialiaozhongzhu

huanyouyidianyezhidesikao:Google、腾tengxunshougoujibendushiweishangshigongsi,但danalibabaduishangshigongsifeichangqinglai,大dashoubishougouhekongguliao 4 家jiagongsi。其qishitengxunyetouliaohenduoshangshigongsi、甚shenzhishibushaogongsidezuidajigougudong(比birujingdong、58 同tongcheng、猎liebao、同tongchenglvyoudeng),但danmeiyoujueduidekonggu、干ganshezhexieshangshigongsijingyingyeyougexiandu

3、收shougou“国guojihua”十shizudeshitengxun,TOP10 并binggoubiaodeyou 6 家jialaizihaiwai、国guobieyebijiaofensan;阿aliyou 3 起qibinggoulaizihaiwai,Google 绝juedaduoshushougoushimeiguobentugongsi、仅jinyou Waze 来laiziyiseliehe DeepMind 来laiziyingguo

4、收shougouhennanbaozhengshishichenggong,巨jutouyeyoucantongjiaoxun

Google 史shishangzuidabinggougeiliao Motorola Mobility、3 年nianguohoujiuyibudaosifenzhiyidejiage(约yue 29 亿yimeiyuan)卖maigeiliaolianxiang;腾tengxun 86 亿yimeiyuanshougoude Supercell 目muqianyemianlinzhuoshouruxiahua、利lirunjianshaodeyali;阿alibabazai饿eliaome、优youkutudou、文wenhuazhongguo、Lazada 等denganzishangkenengyefuchuliaogenggaoliaoyijia。当dangranmuqianyixieyewuzhengheyehuanzaijinxingzhong,商shangyexiaoyinghuanyoudaiguancha

5、GAT 花huazhemeduoqian、买maidedaodishishime?时shijian、人rencai、财caiwubaobiao?各gejiaxiangfaqishibutaiyiyang

dui Google 而eryan,人rencaikenengzuizhongyao,尤youqishizaizhunbeidalibujude AI、移yidongjishulingyu,不bushibenshenshanchangde,买mailiaotuanduilaijixuyanfa、和heyewuyougeronghedeguocheng

duialibabaeryan,花huaqiangengduozaimaishijian,电dianshang、金jinrongyewugeiliaoalidaliangchongpeidezijin,哪napashizaizijifeichangshuxishanchangdedianshang、零lingshoulingyu,也yelaibujishijianqujinggengxizuo,而ershixiandashoubimaixialai、再zaizuozhenghe。显xianranzhenghesuoxuyaodeshijianshikuayuebuguoqude,这zheyangdaozhironghetiaozhangengnan,花huadedabizijinshifouhuasuan、确queshizhiyouzijizhidaoliao

duitengxuneryan,人rencai、时shijian、财caibaobijiaojunheng。就jiuyouxieryan,买maidezhexiegongsiduyoujingpinyouxi、流liushuiyefeichanghaokan,或huoxunengzaimougefangmianmibuyouxiyanfarencaiduanban、但dankenengshijianyinsuhecaibaoyehenkanzhong。事shishishang,投touziyeyijingchengweitengxuncaiwubaobiaozhongyigezhongyaozuchengbufen

6、从congbinggou、投touzidezhanbilaikan,显xianran Google 收shougouzhanbigenggao

CB Insights 的detongjixianshicong 2006 年nianyilai、Google 累leijishougouliao 100+公gongsi、占zhanbijiejin 20%,但danzai IT 桔jiezishujukuzhong、腾tengxunhealibabadeshougoushijianjibenzai 30-40 家jia、占zhanzhenggeduiwaitouzidebili 5% 左zuoyou

7、GAT 的deshougou,给gei VC、PE 退tuichudaiquliaogenghaodejihui

biru Google 收shougou Nest Labs、其qibeihoudetouzifang DST Global、KPCB、Shasta Ventures 等dengduhuibaopofeng;阿alibabashougou饿eliaome、UC,背beihoude VC 们menrujinshajiangchuangtou、经jingwei、红hongshanzhongguodengyedunadaoliaoxianjinhuibao;腾tengxunshougou Supercell、背beihoutouzifang Accel、Index Ventures 等dengtongyangzaiduanshijiannei退tuichu

zheyenanguaiguoneiwaitouchuxianliaobushao“To 巨jutoushougou”项xiangmu。放fangzaidangxiadezibenhuanjing,巨jutougongsideshougouduiyu退tuichudeyiyijiugengweizhongyaoliao

zongshang,在zaidangxiaquanqiuhulianwang、风fengxiantouzichixuronghededabeijingxia,并binggoujiangchengweisuoyouchuangyezhe、投touzirenmenzhongdianguanzhudezibenfangshi,不bujinshi退tuichu、变bianxian,更gengshizaiquanqiujingzhenghuanjingxia、战zhanlueheyewuyanbiandezibenshouduan

收集整理:牛牛财经网
本文地址:https://stock.nncj.com/a/6817
共有条评论发表评论
验证码:
推荐阅读