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Impact of Mergers and Acquisitions on the Innovation Performance

  • Mergers and acquisitions (M&A) among internet companies increased rapidly during the last decade which was caused by the growing competition and changing consumer preferences. Many startup companies enter the market offering hit products and getting millions of users in a short period of time. Due to such quick success established internet players like Google, Twitter and Facebook tend to acquire these startups instead of developing their own R&D. Internet acquisitions are very risky and imply high premiums, therefore, their impact on the innovation performance is quite unclear in the short- and long-term perspective. There is a variety of factors that can affect the innovation performance of both acquiring and acquired companies after the M&A transaction. This thesis is aimed to analyse the impact of M&A on the innovation performance of internet companies taking into account recent acquisitions among social networking players. A case study about Facebook's acquisition of Instagram occurred in 2012 presents the main application for the thesis. Qualitative data for the research is taken from the articles that contain opinions of the industry experts which are then critically assessed using the main scientific concepts about M&A and innovation performance.

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Author:Ekaterina Garmaeva
Subtitle (English):(Application: Internet Industry)
Advisor:Daniel Cerquera
Document Type:Master's Thesis
Year of Completion:2015
Year of first Publication:2015
Release Date:2015/11/26
Tag:Facebook; Innovation Performance; Instagram; Internet Industry; Mergers & Acquisitions
Degree Program:IMM - International Management
Functional area:Economics