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BEGIN:VEVENT
SUMMARY:Seminar by Prof. Joachim Henkel\, Technische Universität München
DTSTART:20170524T120000
DTEND:20170524T133000
DTSTAMP:20260503T123601Z
UID:b23d985cf52dc75325acf9d2ff4f428a90ff02c476f252b6e9e2bc84
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Joachim Henkel\, Technische Universität München\n"Tech
 nology-focused Acquisitions: Performance and Functionality as Differentiat
 ors"\n\nAbstract\nThe acquisition of high-tech startups is of increasing i
 mportance for incumbents as a path of technology sourcing. Combining quali
 tative and quantitative research we introduce a novel categorization of su
 ch acquisitions based on how the startup’s technology relates to the acq
 uirer’s existing products. Specifically\, we distinguish between acquisi
 tions aimed at improving product performance and those that shall add new 
 functionality. Taking a decision making perspective with a focus on the te
 chnological and market risks of both types of acquisitions\, we theorize h
 ow this categorization relates to acquisition timing and deal value. We ar
 gue that performance-focused acquisitions should take place earlier in a t
 arget's life cycle than functionality-focused ones\, and that their deal v
 alue at equal levels of maturity is higher. We test our hypotheses using a
  unique dataset of 215 acquisitions by U.S. firms in the field of artifici
 al intelligence\, finding our main hypotheses supported. Based on our find
 ings we derive management implications for acquirers as well as for startu
 ps.\n 
LOCATION:EPFL\, ODY 4.03\, VIP Room http://plan.epfl.ch/?zoom=19&recenter_
 y=5863800.12869&recenter_x=731560.22521&layerNodes=fonds\,batiments\,label
 s\,information\,parkings_publics\,arrets_metro\,transports_publics&floor=4
 &q=ODY_4.03
STATUS:CONFIRMED
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