It’s easy to see why U.S. Big Tech sees Canada as a happy hunting ground

The tech giants, such as Facebook, Alphabet/Google, Amazon, Uber, Microsoft and Apple, are sitting on billions of dollars in cash and are using it to acquire young growth companies—notably their intellectual property and talent—anywhere they can find them. That includes Canada.

Although Investment Canada makes it extraordinarily difficult to obtain information, we can garner a partial picture of the steady takeover of Canadian tech companies and their key intellectual property.Image courtesy of Pixabay

Opinion

BY DAVID CRANE

June 29, 2020

TORONTO—Investment Canada boasts that “it continues to play an important role in encouraging investments from global companies." But is this mission out of date? Much foreign investment in Canada today consists of Big Tech firms acquiring Canadian tech companies for their patents and other inte...

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