The chapter distinguishes between merging with competitors (or horizontal integration) and the acquisitions of smaller companies, often

Question:

The chapter distinguishes between “merging with competitors” (or horizontal integration) and the acquisitions of smaller companies, often tech ventures. Do you expect there to be a difference in the failure rate? Why or why not? Which concepts introduced in Chapter 6 (when discussing cost drivers) could help in lowering the failure rate of serial acquisitions?