ARTICLE SUMMARY:
Mergers and acquisitions are at an all-time high in 2015. In an industry where most start-ups are funded expressly to sell their innovations to bigger companies and cash out, and where big players merge and grow to protect themselves from becoming a target, it is useful to decode why do we buy? By Brian Chapman and Matt Scheitlin, ZS Associates
Mergers and acquisitions are at an all-time high in 2015. There are many reasons why this is happening—companies are buying to increase their heft in contracting, fill an innovation deficit, reshape a portfolio, smooth out cash flows, and even manage a tax bill.