Transformation of the IT industry Technology increasingly impacts businesses in every possible way, from supply chains to customer engagement. Technological advances such as artificial intelligence (AI) and the Internet of Things are causing 'digital disruption', and companies are asking how they can position themselves in this unsettling environment. Frequently, acquisitions of tech-driven and especially digital business models have become the instrument of choice to acquire needed technologies, capabilities, and products as well as to close innovation gaps. According to BCG, high-tech deals represented almost 30% of the total $2.5 trillion of completed M&A transactions in 2016.

1) What are the underlying currents of this wave of technology-driven mergers and acquisitions, both strategic and operational synergies?

2) What will be one specific technology-driven deal in the last five years? What are the motivations behind the purchase? How does the target's focus fit into the acquirer's business model?

3) From the financial point of view, does it make sense? What will be the value of the deal and whether it can be judged as justified by using discounted value analysis and comparable transaction analysis. What are the stock prices prior to and after the acquisition? Do they move? and what is the reason?