merger
A merger is a business strategy where two companies combine to form a single entity. This process often aims to enhance efficiency, expand market reach, or increase competitiveness. Mergers can involve companies of similar sizes or one company acquiring another, leading to a new organization that benefits from the strengths of both.
In a merger, the companies typically share resources, such as technology and personnel, to achieve common goals. This can result in cost savings and improved services for customers. Mergers are common in various industries, including technology, healthcare, and finance, as businesses seek to adapt to changing market conditions.