The ups and downs of spring tides and the success or failure of enterprises are staged every day, but the experience and lessons behind every enterprise story are worth pondering. So why did the storm suddenly collapse?

The industry generally believes that the storm? Sudden death? It is caused by imitating LeTV, and the booth of cross-border mergers and acquisitions is too big for capital to keep up. Feng Xin did not hesitate to mortgage all his wealth and shares to the loan. However, all cross-border mergers and acquisitions were eventually crushed by debts and put in jail.

The deadliest thing in the M&A frenzy? Mines? One is the Italian company MP & amp； Amp Silva (MP). According to the announcement of Storm Group, Storm Group announced that it signed a cooperation agreement with Everbright Capital on 20 16, agreeing to jointly set up an industrial M&A fund with Everbright Capital, and plans to invest 4.7 billion yuan to acquire 65% of the shares held by MPs shareholders.

It is reported that MPs is a sports media company, which is responsible for selling the broadcasting rights of Serie A clubs to TV stations and Internet platforms around the world. Its role is essentially an intermediary of copyright resources. At its peak, MPs covered more than 200 countries and regions around the world, with more than 90 global sports property rights and more than 30 sports copyright agency partners, and the annual broadcast time exceeded 65,438+00,000 hours.

In the second half of 20 16, the M&A Fund established by Stormwind Group and Everbright Capital completed the acquisition of MPs, with a final net transaction amount of 637 million US dollars. The plan of Storm Group and China Everbright Bank is to inject MPs assets into listed companies within 18 months after the first delivery of 65% MPs shares. But after the acquisition, Storm Group and Everbright Capital found themselves stepping on it? Giant thunder? .

First of all, the core of MPS is copyright income. But most of the copyrights will expire soon, especially the core copyrights of Serie A and Arsenal will expire on 20 18-20 19. At the same time, before the acquisition, the original shareholders of MPS concealed huge unpaid fees. Finally, on June 20 18, 10, the British high court ruled that members of parliament were officially bankrupt and liquidated.

This means that organizations such as Stormwind Group and Everbright Capital that have acquired 65% of the shares of members of Congress will die out, and all the $5.2 billion acquisition funds will be wasted. Wash it off? .