Other potential reasons for high multiple: - Acquirer sees huge growth and thus a reasonable PEG ratio - Acquirer wants some key market they have been unable

Other potential reasons for high multiple: - Acquirer sees huge growth and thus a reasonable PEG ratio - Acquirer wants some key market they have been unable to win themselves - Acquirer wants some key technology, patent, or engineering know-how - Acquirer wants team that has achieved something impressive to apply to acquiring company's own product - Acquirer wants to absorb client base with higher growth than they have internally - Acquirer has M&A execs who cant get promoted without deals - Acquirer has inflated stock, so the cost is only relative to this inflated stock while the stock remains inflated