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One of the critical reasons for a firm to acquire other firms is to access new technology. This study seeks to understand what ownership position a firm should take in foreign markets if the target is in a high-technology industry. Specifically, it looks at how firm-level experience and institutional distance could impact this ownership. Using logistic regression models on a sample of 1,091 cross-border acquisitions undertaken by firms from 36 countries over an 8-year time period (2001–2008), we find that when firms acquire targets in a high-technology industry, they resort to partial acquisitions. Our analysis further suggests that when firms seek targets in high-technology industries but have experience with acquisitions or face higher institutional distance, the likelihood of full acquisitions over partial ones increases. Study findings contribute to our understanding of the interactive relationship among technology, experience, and institutional distance in determining appropriate ownership choices.