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Normally that could be a reason. However, TCS, Infosys and Wipro have cash reserves of ~$3.5 billion, $4 billion, $1.5 billion respectively. The acquisition of
by r0h1n 13y ago
Normally that could be a reason. However, TCS, Infosys and Wipro have cash reserves of ~$3.5 billion, $4 billion, $1.5 billion respectively.
The acquisition of "failed entrepreneurs" will be at best in the single digit million dollar range.
And if the stated purpose of such acqui-hires is to "create disruptive technology", then I'd easily say they've got the cost/benefit equation turned on its head.
You can't be disruptive by not taking risks, paying peanuts or being a miserly penny pincher.