Compiled by David Olmos, Times Staff Writer

About two-thirds of the mergers between high-technology companies succeed, and the rest eventually result in divestiture, according to a study by a New Jersey consultant.

The price paid for the acquired company is the key determining factor in 70% of the deals surveyed, the study found.

The report was prepared by The Cerberus Group, a corporate-merger consulting firm.

According to the study, other factors affecting the success of mergers are the similarity of customer bases, management styles and "culture," and complementary technologies and corporate strategies.

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