A corporate takeover occurs when one company acquires control over another company, often by purchasing a majority of its shares. This can happen through various methods, including friendly negotiations or hostile bids, where the target company’s management opposes the takeover. The goal is usually to enhance market share, reduce competition, or achieve synergies. Takeovers can significantly impact employees, shareholders, and the overall market. They may lead to changes in management, restructuring, or shifts in company strategy. Notable examples of corporate takeovers include the acquisition of Time Warner by AOL and Disney's purchase of 21st Century Fox.