并购估值

并购是指企业之间的兼并与收购行为。并购通常涉及两个或多个独立企业通过某种形式的协议合并成一个企业，或者是收购方企业购买另一企业的股份或资产以获得控制权。并购的目的是为了实现资本运作、经营多样化、市场扩张、提高效率等战略目标。

Mergers and acquisitions (M&A) refer to consolidation and acquisition activities between enterprises. Generally, M&A involves either two or more independent enterprises merging into a single entity through certain types of agreements, or the acquiring enterprise purchasing the shares or assets of another enterprise to gain control over it. The objectives of M&A include achieving strategic goals such as capital operation, business diversification, market expansion, and efficiency improvement.