United Airlines and Continental Airlines were an example of a(n) _____.
A) merger
B) acquisition
C) hostile takeover
D) joint venture

Question

Quizplus · Accepted Answer

United Airlines and Continental Airlines merged in 2010 to create one airline company. A merger is a combination of two companies to form a new company, where both companies involved retain their identity. An acquisition is when one company takes control of another company by buying a majority share, whereas a hostile takeover is an unsolicited attempt by one company to take over another company without the agreement of its board. A joint venture is a partnership between two companies to share resources and project costs while maintaining their separate identities.

United Airlines and Continental Airlines Were an Example of A(n)