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