Diversification Strategies in Information and Communication Industry Through Acquisitions: The Case Vodafone-Cobra

In recent decades, the Italian mid-sized firms have played a fundamental role in the Italian economy. Therefore, in recent years, those emerging treasures of Made in Italy have become attractive for large foreign multinationals. A widely debated topic in literature concerns the effects that this phenomenon has on stakeholders. The question is whether cross-border acquisitions have positive effects on the target company or not. This paper aims at...