You might need to define success, and fail, to quote a statistic like this. There are multiple groups of people (old owners, new owners, sellers-employees, buy

You might need to define success, and fail, to quote a statistic like this. There are multiple groups of people (old owners, new owners, sellers-employees, buyers-employees, customers), multiple assets (physical, intellectual, human, customer-base, code etc) To ascribe failure to and acquisition I think means taking the viewpoint of they buyer - did the get what the wanted, or not? Not the viewpoint of employees or customers.