Students are to select a successful or a failed M&A case carried out or attempted by a listed firm from any stock exchanges in the world, and conduct a detailed analysis of it. Please show all your work and explain your findings.

Listed company from the case are eBay and Skype.

4. Overview of the historical financial performance of the target firm and bidder (Required)

Illustrate and explain the target firms and bidders pre-merger accounting performance (e.g. ROA, ROE, EPS, and Leverage ratio).

Illustrate and explain the target firms and acquirers pre-merger market performance (e.g. historical stock price, PE ratio, and market capitalization).

Compare to their industry peers or market performance, are the bidder and target firms under-performing or over-performing? Explain.

Explain if the bidders and targets pre-deal performance affects the M&A decision.