International business: acquiring existing companies

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Put your answer to the question assigned to you below in the Discussion Conference in the Discussion section of the course. When answering the question, state the question number and the page number of the question you are answering. Answer the question, add additional information about the subject, and provide example(s) to get 5 points. Read the example answers in Announcements on our course page. Properly cite your sources. Read ch. 1&2 10.(pg.64) Why has most foreign direct investments gone into aquiring existing companies rather than establishing new ones? Book-International Business 12th edition- The challenge of global competition, Irwin/McGraw