A company that manufactures alcoholic beverages bought and then sold two smaller companies that produce film, television, and music. What is this process called?

Question

Quizplus · Accepted Answer

This process is called conglomeration, which refers to the acquisition and merging of companies that are unrelated but complementary in terms of their businesses. In this case, the company that manufactures alcoholic beverages acquired two smaller companies that produce film, television, and music.

A Company That Manufactures Alcoholic Beverages Bought and Then Sold