Jin, Ginger Zhe; Leccese, Mario; Wagman, Liad; Wang, Yunfei - National Bureau of Economic Research - 2025
We examine serial acquisitions in the technology sector from 2010 to 2023. Defining serial acquisitions based on a granular S&P industry taxonomy, we find that they account for 24-37% of majority-control tech M&A, with over half completed by public firms. Followon targets in a series are...