Convergence of Industries: M&A study in Technology, Media and Entertainment Sectors

Student: Orekhov Kirill

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Final Grade: 7

Year of Graduation: 2019

The aim of the study performed in this diploma paper is to evaluate the value creation processes around announcements of mergers and acquisitions for acquirers when target s belong to technology, media and entertainment sectors. The actuality and motivation for this idea comes from recent reports of consulting groups about convergence of industries and blurring of industry lines . To achieve the given goal the combination of event study and regression analysis is used. It allows finding abnormal patterns in returns of stock prices and taking a close look at determinants that may affect them. All in all, this diploma may be v iewed as an extension of prior studies on relatedness between companies.

Full text (added June 11, 2019)

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