For High-Tech M&A, Strategic Value is Not Automatic
The owner was at a crossroads. To keep up with their very well funded competitor (some of the Web MD investors launched a competing product), they recognized that they would require a substantial capital investment.
https://www.divestopedia.com/2/7864/valuation/enterprise-value/for-high-tech-ma-strategic-value-is-not-automatic
Managing Partner at 3Cube Tech Care
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