Examinando por Materia "Fusiones"
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Ítem $2.6BN marriage of Ebay and Skype ended in divorce(Universidad EAFIT, 2019) Zuluaga Arbeláez, Juan Sebastián; Gaitán Riaño, Sandra ConstanzaeBay acquired Skype for $2.6 billion in 2005, which was a very high price compared to Skypes revenues of only $7 million. The acquisition was meant to boost eBay’s revenues, by making it more convenient for buyers and sellers to communicate on the auction platform. Shared benefits were seen to increase the number of users for Skype and enhance the features available for eBay users within its platform. Unfortunately for eBay, their customers did not find any use for Skype’s technology, which was initially intended to connect sellers and buyers quicker and make communication easier. After years of trying, the acquisition led to a write-down of the value of Skype in eBay’s books and finally (and luckily for eBay) led to a sale to Microsoft. Microsoft acquired Skype and created its division within the company that reported directly to Microsoft’s CEO. The company has adopted a passive stance to materialize the synergies while being conservative of Skype strategy, brand, and user experience. Different independent sources categorize this deal as a success. Our analysis highlights the approach Microsoft took for the governance of the collaboration and how it was adapted to the sources of potential joint value and the major capabilities of Skype business model and competitive position.Ítem Determinación de la rentabilidad posfusiones : un estudio de caso(Universidad EAFIT, 2022) Londoño Cortes, Anthony; Gaitán Riaño, Sandra ConstanzaThe present investigation determined the post-merger profitability of the companies Tropitiendas, Surticaldas, Serviventas and Serviexpress, which are dedicated to the wholesale and retail distribution and marketing of all kinds of food and home consumption products. For this, a quantitative analysis was carried out to determine if the merger generates or destroys economic value once the business restructuring process has been carried out. To achieve this objective, financial and accounting information was collected from the companies mentioned during the years 2016 to 2019. The main historical and projected financial indicators were analyzed and the DuPont and Altman Z-score analyzes were made. Afterwards, the three individual firms and the organization resulting from the merger were valued using the methodology of discounted cash flows and added economic value. The results showed that the merger generated synergy, increasing value for shareholders through process optimization and greater competitiveness in the market.Ítem Fusiones y adquisiciones en el contexto del sector financiero colombiano : medición de su efectividad desde un enfoque financiero(Universidad EAFIT, 2024) Valencia Jaramillo, Steven; Arrubla Valencia, Jonatan; Arango Mejía, Juan ManuelThe research addresses the phenomenon of mergers and acquisitions (M&A) in the Colombian financial sector from 2010 to 2023, a period characterized by intense banking consolidation activity, which was driven by the search for operational efficiency, market expansion and competitive strengthening. This study aims to analyze the effectiveness of M&A in terms of value creation for the involved entities and their impact on the country's economic development. This paper questions whether those operations act as true catalysts for value or, conversely, dilute corporate value and negatively affect the market dynamics. The theoretical framework is based on the Market Efficiency Theory, the Synergy Theory, the Diversification Theory, and the Theory of Shareholder Wealth Maximization. Together, they allow a deep look into the dynamics and impact of M&A in the financial sector. The research methodology combines descriptive and experimental approaches to assess the impact of M&A on critical financial management indicators. Data was collected through an exhaustive review of primary and secondary sources, followed by a quantitative analysis using descriptive statistics, the Difference in Differences (DiD) model, regression analysis, and correlation. Such quantitative analysis was processed via the statistical software R. This approach allows for a detailed evaluation of the impact of M&A on the profitability, productivity, operational efficiency and solvency of Colombian financial entities, as well as of their effect on market competitiveness and national economic development.Ítem La importancia y el impacto del riesgo operativo en operaciones de fusiones y adquisiciones(Universidad EAFIT, 2020) Orozco Rendón, Sebastián; Gaitán Riaño, Sandra ConstanzaPublished studies by important journals like Harvard Business Review and consultancy firms like PWC, Mckinsey and JP Morgan reveal that, on average, mergers and acquisitions fail 70% in a market that exceeds transactions for more than 3 trillion dollars a year. Therefore, this study seeks what happen within the implementation, development and execution of the activities that are part of an M&A process. The proposal is looking for analyze the stages of an M&A and the importance of operational risk analysis through measurements with heat maps for calculate the weight and impact of each macroprocess within the M&A. In addition of demonstrate that the operational risk mostly associated with the banking and financial institutions can be measured for different industries and will help us to find the risk factors that negatively impact on an M&A.Ítem Riesgos estratégicos de origen interno asociados a una fusión : caso de estudio en el sector asegurador(Universidad EAFIT, 2020) González Marín, Alejandro; Londoño Vélez, Verónica Gabriela; Rivas Montoya, Luz María