The Game Theory Study of Answering Policy for Target Firm Hostile Takeovers─Take the Microsoft Merger and Acquisition Yahoo for An example─

碩士 === 嶺東科技大學 === 國際企業研究所 === 97 === ABSTRACT In recent years, with the liberalization of the global market as well as the increasing integration of company law, such a hostile takeovers between the two countries was in the United Kingdom the United States occur more frequently with the means of the...

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Bibliographic Details
Main Authors: Hung, Yi-Lin, 洪怡琳
Other Authors: Lee, Chen-Kuo
Format: Others
Language:zh-TW
Published: 2009
Online Access:http://ndltd.ncl.edu.tw/handle/19451356554711943177
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Summary:碩士 === 嶺東科技大學 === 國際企業研究所 === 97 === ABSTRACT In recent years, with the liberalization of the global market as well as the increasing integration of company law, such a hostile takeovers between the two countries was in the United Kingdom the United States occur more frequently with the means of the type of Merger and Acquisition, has been active in the global market gradually, become the main tool for rapid expansion and growing of the territory of enterprises. Therefore, our practice and the academic community forecast, Hostile takeovers will be the future of our country and around the world in general, show a trend. The only types of hostile takeovers, the target company as a result of a violation of the wishes of the incumbent operator, the target company for the incumbent operators to resist hostile takeovers and acquisitions, which will take a variety of defensive measures, however, whether the target company operators have to take defensive measures to resist the hostile takeovers? Therefore, based on the above issues, the target enterprises(Yahoo)will be the main goal, how to deal with when the target enterprise(Microsoft) at the time of the face of hostile takeovers strategy on model, while as the theme of this paper, The Game Theory Study of Answering Policy for Target Firm Hostile Takeovers, research on the subject of a theoretical foundation, then explore the meaning of hostile mergers and acquisitions as well as various types of hostile mergers and acquisitions, while the application of game theory to reasoning, and to propose measures to respond to business objectives, and finally to the take the case Microsoft hostile takeovers Yahoo for an example.