Mergers and acquisitions are one of the more exciting opportunities in business. If you’re the acquired, you get to walk away with money (especially as the founder). And if you’re the acquirer, you suddenly have a new piece to add to your multitude of offerings. There are so many publications and investment bankers get paid so well because M&A is lucrative.
However, mergers and acquisitions are not nearly as successful as the excitement might show. According to Harvard Business Review from 2011: