Why most mergers and acquisitions end in failure?

Why most mergers and acquisitions end in failure? From a purely positive or optimistic perspective, companies must conduct mergers and acquisitions in order to achieve the following goals:

Shopify, the only rival admitted by the founder of Amazon, how does it make money?

Shopify, the only rival admitted by the founder of Amazon, how does it make money?

Decisive factor for AT&T and Verizon stocks valuation, the new media giant Warner Bros. Discovery

The key factors that determine the valuation of AT&T and Verizon stocks

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