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Pier 88 Commentary - The Price Of Innovation M&A Is The New R&D

posted by Lake Geneva Fund LP
1mo ago 261

Technology companies allocate billions of dollars into research in the hope of driving innovation. Over the last two decades the costs have sky-rocketed and companies are accelerating investments to stay ahead of the competition. Many management teams have decided to augment R&D by looking externally and are acquiring pioneering companies. Some investors have pondered whether M&A activity is a cyclical phenomenon which will diminish as the economy enters a later cycle. Our research, anal