Seeing these acquisitions, it always seemed like that what's very often happening is the folks who make the Buy decisions (NOT the owners of the buying company) are basically stealing from then owners to hand money to their friends)

Or, when the bizdev team is told to spend a billion dollars this year, (1) is is easier for them to like in extra money into each deal than to find more smaller deal, and (2) they don't get bonuses for only spending 500million and saying there is nothing else worth buying.