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Rich US high-tech firms may be blunting innovation: OECD

Buyouts 'tend to sideline strong-performing young firms . . . challenging incumbents'


IT'S practically an article of faith in Silicon Valley: high-tech companies are an unalloyed good for the US economy, generating the innovation that is critical to its long-term success.

That's not always the case, according to the Organisation for Economic Co-operation