1Introduction

1.1Motivation—Understanding technology-focused acquisitions as an instance of a market for technology

It seems like the future is now when looking at some of the spectacular innovations that recent technological advances in the ICT industry have enabled. Siri, the virtual assistant on Apple’s iPhone, or Google’s self-driving car have or are predicted to have an enormous impact on society (Bertoncello and Wee, 2015; Brauer and Barth, 2014). Commonly these innovations are felt to be an expression of the enormous creativity, innovative power and far-sightedness of the companies associated with them. Quite surprisingly, these two innovations have in common that they originated within small startups that have been acquired for continuing ...

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