Blue Work LLC, a software company, purchased an electronics and electrical company and implemented its resources and technologies in the target company. Blue Work changed the entire culture and brand of the target company and introduced its own culture such that the identity of the target company disappeared. Blue Work benefitted from this acquisition and witnessed a significant growth. This type of acquisition is known as a _________.

Question

Quizplus · Accepted Answer

The given scenario describes a takeover, where one company acquires and controls the operations of another company and implements its own resources and culture. A merger, on the other hand, involves the combination of two or more companies to form a new entity. A union refers to the collaboration between two or more parties for a common goal, and a greenfield entry involves starting a new venture in a new market with no prior presence.

Blue Work LLC, a Software Company, Purchased an Electronics and Electrical