Referring to the high rate of failure in M&A history, why we don’t design a new kind of collaboration and value creation instead of dissolving identity of one company into other. for example, can we setup a third company between acquirer and target and generate synergy through this company without sophisticated structural, procedural and HR restructuring that all these complications are source of future failure? We can name it modified joint venture or modified collaboration or alliances. We should really think about high rate of failure and shouldn’t ignore it anyway.It casts this idea in any literature surveyor’s mind that why we insist on a process that most likely fails? Why we don’t make it modified!