Financing, Mergers & Acquisitions in the Telecommunications Industry
Author: Stephen E. Jacobs
Publisher:
Published: 1997
Total Pages: 470
ISBN-13:
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Author: Stephen E. Jacobs
Publisher:
Published: 1997
Total Pages: 470
ISBN-13:
DOWNLOAD EBOOKAuthor: Stephen E. Jacobs
Publisher:
Published: 1997
Total Pages: 328
ISBN-13: 9780872243903
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Publisher: GRIN Verlag
Published: 2017-08-30
Total Pages: 58
ISBN-13: 3668513066
DOWNLOAD EBOOKBachelor Thesis from the year 2017 in the subject Business economics - Investment and Finance, grade: 1, , language: English, abstract: Mergers and acquisitions are one of the most used opportunities to combine businesses and achieve growth inorganically, despite a high failure rate. The main motive during transactions is the realization of synergies. To achieve those synergies, the mechanisms of those effects need to be evoked by certain success factors during the post-merger integration. A post-merger integration that is executed incorrectly is one of the main reasons why transactions go fail and synergies are not achieved. This thesis will examine synergies and success factors for the post-merger integration of mergers and acquisitions in the technology, media and telecommunication industry, focusing on the acquisition of Time Warner Inc. by AT&T Inc. The technology, media and telecommunication industry is currently flourishing, which is evidenced by an increasing number of transactions. Nevertheless, wireless and mobile giants like AT&T are under huge pressure in their traditional barriers of business and therefore depend on a new strategy to diversify outside their traditional barriers of business. For this purpose, AT&T aims at generating further growth in the video and entertainment market through the acquisition of Time Warner. AT&T would not only increase their growth but they would also build up a second foothold since their traditional business is stagnating. AT&T will become the leader in converging technology, media and telecommunication.
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance
Publisher:
Published: 1987
Total Pages: 196
ISBN-13:
DOWNLOAD EBOOKAuthor: Walter Sapronov
Publisher:
Published: 1998
Total Pages: 548
ISBN-13:
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Publisher: Information Gatekeepers Inc
Published:
Total Pages: 11
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance
Publisher:
Published: 1986
Total Pages: 194
ISBN-13:
DOWNLOAD EBOOKAuthor: Simon Gaess
Publisher: GRIN Verlag
Published: 2021-08-24
Total Pages: 62
ISBN-13: 3346471446
DOWNLOAD EBOOKBachelor Thesis from the year 2021 in the subject Business economics - Review of Business Studies, grade: 1,0, LMU Munich (Institute for Capital Markets and Corporate Finance), course: Bachelor Thesis, language: English, abstract: This bachelor thesis sets out to investigate whether the observed past and present effects of M&A deal announcements on target and acquirer cumulative abnormal returns (CARs) to shareholders, also occur on an industry-specific level in the U.S. Technology, Media & Telecommunications (TMT) industry, and over time by reviewing three distinct time frames between 2000 and the end of 2019. This thesis emphasizes “mega-deals”, which are M&A transactions with values greater than or equal to USD 500m. The recentness of the data and the emphasis on deal-value and industry-specific M&A deals make these findings unique. The event study method is applied to examine the concrete effects that an event, an M&A deal announcement, exerts on acquiring and target firm stock returns. Hereby, the difference between the actual stock returns–which occur due to the event–and the expected stock returns is analyzed and subsequently tested for significance. The main and null hypothesis of this thesis is that M&A deal announcements have no effect on the average of the stock returns of acquiring and target firms. A frequently studied area and old research question of corporate finance, ever since its initial inception in the 1960s, is the effect of mergers and acquisitions (M&As) on the wealth of shareholders of the acquiring and target companies. As recently as the early 2010s, a near-universal consensus amongst research and business press has existed, that M&As tend to generate little to no shareholder value for acquiring firms, while target shareholders incur significant returns. These findings draw on the theory of market efficiency and rational expectations to assume that such changes to the stock prices, abnormal returns (ARs), reflect the discounted value of expected future profits, i.e. cash-flows and rapidly price-in new publicly disclosed information, such as a merger announcement. Since 2012, however, a novel strand of research has emerged which has observed these previously low ARs for acquiring shareholders becoming on average significantly positive for the first time in history on a global scale following the Great Financial Crisis (GFC). This is attributable to an ensuing overall improvement to corporate governance frameworks and M&A dealmaking. Markedly, this trend was later found to start reversing back to previous pre-GFC levels.
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance
Publisher:
Published: 1987
Total Pages: 276
ISBN-13:
DOWNLOAD EBOOKAuthor: Howard Chatzinoff
Publisher:
Published: 1999
Total Pages: 818
ISBN-13:
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