Strauss, Ilan;
Yang, Jangho;
(2024)
Developing Dynamic Capabilities through Acquisitions.
(Working Paper Series IIPP WP
2024-01).
UCL Institute for Innovation and Public Purpose (IIPP): London, UK.
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Abstract
Using a unique dataset covering all patents ultimately owned by Big Tech, including through M&A, we describe the dynamic capabilities acquired and developed by Big Tech. We examine the nature, evolution, and differences in the technological capabilities of the five major Big Tech companies, highlighting the vital role of M&A in this process. Our analysis, combining M&A and patent data, reveals that M&A has been crucial in Big Tech developing integrated hardwaresoftware ecosystems. Big Tech’s evolving capabilities closely track their competitive potential and market entry strategies. Our analysis of patent data, including through a logit regression, reveals diverse strategies and motivations behind Big Tech’s external patent acquisitions.
| Type: | Working / discussion paper |
|---|---|
| Title: | Developing Dynamic Capabilities through Acquisitions |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://www.ucl.ac.uk/bartlett/public-purpose/publ... |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Patents, capabilities approach, Big Tech, M&A, dynamic competition. JEL Codes: K21, L41, L44, M13, E14. |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10196795 |
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