Varied impacts of acquisitions on different stakeholder groups are summarized to broaden the understanding of acquisition performance. This is achieved by considering perspectives from advisors, investors, suppliers, customers, competitors, employees, and society at large. To progress, research needs to apply diverse performance measures that reflect the interests of stakeholders, such as deal completion rates, stock returns, market power changes, employee turnover, and societal impacts like economic growth and corporate social responsibility. By integrating different stakeholder views, the intent is to encourage more comprehensive research that can improve acquisition decision-making and broader acquisition outcomes. While the stock market impact on acquirers tends to be slightly negative, acquisitions may create value overall.