Buying a company is the same as mergers and acquisitions.

Legal analysis: 1. Acquisition refers to the exchange of cash, stocks, bonds, etc. Between companies for the company's equity or the company's management control. There are two forms of acquisition, equity acquisition and asset acquisition. The main difference between equity acquisition and asset acquisition is that equity acquisition is the acquisition of shares of an enterprise, and the acquirer becomes the shareholder of the acquired party, so it has to bear the creditor's rights and debts of the enterprise. The acquisition of assets is just the sale of general assets. Since the acquisition of assets did not acquire the shares of the target company, the acquirer does not have to bear its debts.

2.M&A refers to the exchange of control rights between companies or between companies or departments by exchanging stocks or other resources, which makes two completely different entities related and eventually produces a state of interest. The main forms of M&A are merger, merger and acquisition.

Legal basis: People's Republic of China (PRC) Company Law.

Article 172 The merger of companies may take the form of absorption merger or new merger. A company absorbs other companies for merger, and the absorbed company is dissolved. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved.

Article 173 When a company is merged, all parties to the merger shall sign a merger agreement and prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the merger resolution and make an announcement in the newspaper within 30 days. Creditors may, within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice, require the company to pay off debts or provide corresponding guarantees.

Article 174 When a company is merged, the creditor's rights and debts of the merging parties shall be inherited by the surviving company or the newly established company after the merger.