<!-- Acquisition opportunity brief · from Chapter 22 of The Product 360 Handbook -->

# Acquisition opportunity brief · [Target] · [Date] · Confidential

**Author:** [PM]   **Corporate development lead:** [Name]   **Distribution:** [named list only]

## The target in one paragraph
[What they build, for whom, stage, team, and why it came up.]

## Strategic fit
- Roadmap bet it answers: [bet]
- Capability gained: [technology, team, customers, data]
- Time saved against building: [estimate with reasoning]

## Leverage or reinvent?
- Value proposition: [same / different]
- Customers and buyers: [same / different]
- Sales motion and pricing: [compatible / different]
- Verdict: Leverages our model (integrate) / Reinvents it (keep separate)

## Options, in order of commitment
| Option | What we get | Cost | Effect on the target's customers | Reversible? |
|---|---|---|---|---|
| Venture client pilot | Evidence of fit | | Served as normal | Yes |
| Minority investment | Option and relationship | | Unchanged | Partly |
| License-and-hire | Team and technology | | Risk of stranding | No |
| Full acquisition | Everything, plus contracts | | Inherited | No |

## Integration risks
[Talent retention, product overlap, technology stack, culture, security posture.]

## Diligence questions
[Technical, eval quality, data rights, security, customer contracts, open-source licenses.]

## Regulatory and approval considerations
[Merger review, data transfer, sector rules. Confirm with legal.]

## Trigger conditions to proceed
[Measured results, by date, that would justify the next level of commitment.]

## Recommendation
[Next step only. Not the whole deal.]
