The Mansion Hotel Group purchased Red Brick Hotels for an estimated value of $120 billion.All the hotels previously owned by Red Brick Hotels are now managed by the Mansion Hotel Group and are known as Mansion hotels.What does this scenario best illustrate?

Question

Quizplus · Accepted Answer

The scenario best illustrates an acquisition. An acquisition describes the purchase or takeover of one company by another. Acquisitions can be friendly or unfriendly.

The Mansion Hotel Group Purchased Red Brick Hotels for an Estimated