The purchase of an asset such as a plant, division, or even an entire company. For example, Sacramento, CA-based McClatchy Company made a major acquisition in 2006 when the firm purchased the Knight Ridder newspaper chain for cash and stock worth nearly $6.5 billion. McClatchy, which wanted to extend its reach in the newspaper industry, later sold some of the Knight Ridder papers.
act by one company to acquire control of another company, either through an
agreed-upon deal or a hostile takeover. Companies also may acquire units of a
company, property, or other assets. Often used interchangeably with merger.
The purchase of an asset such as a plant, a division, or even an entire company. For example, the Walt Disney Company made a major acquisition in 1996 when it purchased Capital Cities/ABC, Inc., in order to extend its reach in the entertainment industry.