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Innovation Through Acquisition: How eBay Stays Big, But Also Nimble

The e-commerce behemoth has made 20 acquisitions over the past three years. CEO John Donahoe explains why. John Donahoe is a student of the game: Before becoming CEO at eBay, he spent over 20 years at mega-consultancy Bain & Company, where he wrote about corporate venturing. In a 2001 brief the then-managing director saw the writing on the wall: One driver of corporate venturing is likely to …

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