Welcome to our presentation Topic: Analyse criterias when there is an M&A and take a company that you know as an example to analyse your criterias analyses Members of our group Vũ Thu Hà Lê Thị Lý Nguyễn Thị Hoa Lê Thị Xuân Nguyễn Thị Yến Nguyễn Thị Quỳnh Outline Benefit of M&A Offering a surplus power Offering a greater range of product and services Reducing cost and cost efficient • In a merger ,two organizations or companies join together to become a new business • In an acquisition: one business buys a second and generally smaller company Goals Increase in top line revenue Expand in a declining market Follow your customer Expand your customer Stabilize financials Gains • • • • • Synergy Economies of scale Staff reductions Reduce the cost capital Improve market reach and industry visibility Create strange bedfellows, also have an impact on the bottom line Identify, share and discuss opportunities and problems with employees genes Consider carefully the risks involving in combining different cultures Keep employees informed on the regular basis on the combination Geography • • • • Affect adverse selection and moral hazard problems in M&A Hinder acquisitions’ efforts to assess the true value Hamper acquisitions’ ability to manage contractual relationships Affect on product quality or firm’s costs Growths • Be considered vital to the health of company • Be a mean of survival • Be encouraged mergers growth by tax laws Microsoft acquisition Nokia Microsoft has completed its acquisition of the Nokia devices and services business with $7,2 billion 25th April,2014 Goals For Microsoft: • Promote the growth of its share and profit For Nokia : • Be significantly accretive to earnings, strengthen its financial position - Provide a solid basic for future investment in its continuing business Gains Microsoft • Be opportunities for both Microsoft and their partners • Nokia brings proven capability and talent in critical areas • Ongoing share growth and the synergies across marketing, branding, and advertising Nokia • Be the best path forward for Nokia and shareholders • Be future opportunities for many Nokia employees Genes About Nokia Extremely confident, high self-esteem Forceful, dominant About Microsoft Hungry for Information Curious, open to new ideas Quite ambitious Geography Nokia is selling its headquarters in Finland for 170 Microsoft Corporation is an American multinational corporation million euros headquartered in Redmond , Washington Growth •Development skype •Renowned for quality skype call and free •Xbox phonelead the camara but also will always lead in the mobile entertainment industry Growth •Nokia Lumia surface two companies will be more peaks than if we become one • Smasupport rtwatch skype appear alone on a horse equipment and contracts ... cost and cost efficient • In a merger ,two organizations or companies join together to become a new business • In an acquisition: one business buys a second and generally smaller company Goals... cost capital Improve market reach and industry visibility Create strange bedfellows, also have an impact on the bottom line Identify, share and discuss opportunities and problems with employees... vital to the health of company • Be a mean of survival • Be encouraged mergers growth by tax laws Microsoft acquisition Nokia Microsoft has completed its acquisition of the Nokia devices and