Mukesh Ambani pulls off one shade of overseas M&A

MUMBAI, Sept 19 (Reuters Breakingviews) – Mukesh Ambani's overseas shopping spree is so far more splash than cash. The Indian tycoon has failed in his pursuit of big flashy targets that tripped up compatriots over a decade ago. His quieter penchant for snapping up foreign technology is a smarter strategy anyway. Ambani's $212 billion oil-to-retail Reliance Industries (RELI.NS) is sitting on a growing store of global trophy assets. In the past three years he has picked up the Mandarin Oriental Hotel in New York, Stoke Park country club in England, and Hamleys: the British toy shop is now in Indian…