Random commentary about C++, STL, Boost, Perl, Python, Algorithms, Problem Solving and Web Search
One thing that is notable is that the bigger acquisitions in the lists nearly always destroy value. That is the track record across all businesses -- many studies in the business literature show that the vast majority of big acquisitions either destroy value or fail to create value -- and the tech industry is no exception.These huge deals are usually driven by hubris and hype rather than real value. That is why I was so surprised to see Google offer $6B for Groupon. I think of Google as being smarter than that, and it really makes me wonder who was pushing that deal in of Google.
Just a quick follow up, it appears it was Marissa Mayer pushing the $6B Groupon acquisition offer.http://www.businessinsider.com/a-googler-tells-us-these-are-the-10-most-powerful-execs-under-new-ceo-larry-page-2011-4#marissa-mayer-had-a-demotion-announced-as-a-promotion-9