联想集团海外并购存在的风险与对策研究

本科论文AbstractOverseas M A refers to the acquisition of part of the equity or assets of another country'senterprises by one country's enterprises.Nowadays,more and more enterprises chooseoverseas M &A,and there are more and more cases of overseas M&A.Lenovo Groupacquired IBM's global PC business through overseas M &A in 2004,and then made severaloverseas M A.In June 2011,Lenovo Group acquired German MEDION company overseas;in September 2012,Lenovo Group acquired CCE company in Brazil and stoneware companyin the United States successively;in 2014,Lenovo Group acquired multiple IBM departmentsagain,and acquired Motorola mobile company with a value of 2.9 billion in the same year;inJuly 2018,Liu Chuanzhi,director of Lenovo,intended to acquire Bank of Luxembourg with avalue of 1.48 billion euros.Lenovo Group's overseas M&A belongs to an earlier group inChina,and its results are significant,but there are also certain risks.Although overseas M Amakes Lenovo Group successfully enter the international market,it also brings loss results forseveral consecutive years.Not only that,most enterprises'overseas M&A activities are notsmooth and often fail.I take several cases of Lenovo Group's overseas M A as examples toanalyze the risk of M A with case analysis method and literature research method based onthe research idea of "putting forward problems,analyzing problems and solving problems".Itis hoped that the research and analysis can be used for reference to other enterprises'decision-making of overseas M &A.Key words:Overseas M A;financing risk;political risk;payment risk