Paper Title
Exploring Prerequisites Of Competence-Based Synergy In The Acquisition Process: Success Factors Approach

Abstract
The aim of this paper is to develop and test a new research framework to assess the prerequisites of competence-based synergy in the acquisition process. To reach the aim, the research question has been pondered: How core competencies should be evaluated as sources of synergy in acquisition? Having answered the question, I have researched the latest theoretical findings in the antecedents of synergy in the merger and acquisition process. Based on the literature review in depth, I developed an ARCTIC framework. I selected a case study to test methodology empirically, namely, Facebook’s acquisition of Instagram in 2012. The research identified two steps to explore whether core competence transfer in an acquisition process is an important source of synergy. Index Terms— synergy, core competence, M&A process, ARCTIC framework, an ICT industry