Takeover is a word in English, which translates into "acquisition" in Chinese. It means that a company or organization obtains the management right of another company or organization by purchasing shares or assets. Usually, the acquirer pays a certain price in exchange for the control of the acquired party, so as to obtain higher interests or increase market share.
Acquisition can be divided into hostile acquisition and friendly acquisition. Hostile takeover means that the acquirer transfers shares or control rights to himself directly or indirectly without the consent of the acquired party. Friendly takeover is an acquisition made by both parties on the basis of negotiation and understanding. The reason for the acquisition may be to expand market share, acquire technology or patents and so on.
The impact of the acquisition may affect employees, consumers and the market. In terms of employees, acquisition may bring a sense of security, but it may also lose employment opportunities. On the consumer side, acquisitions may affect consumers' rights and choices, such as price increases and so on. On the market side, acquisition may lead to changes in market forces, thus affecting market development and competitiveness. So the acquisition must be carefully considered.