Relier Pairs Restructuring TerminologyVersion en ligne Combine the terms and its definition. par Ritva Ala-Louko 1 Joint venture 2 Merger 3 Downsize 4 Acquisition 5 Takeover 6 Spin-off 7 Streamlining 8 Strategic alliance A combination of two companies into one larger company. Making a company’s operations simpler but more effective. A new organization or entity formed by a split from a larger company. The buying of a target company by another company. Cooperation between two or more companies aiming at better results in their operations. An entity formed between two or more parties to undertake economic activity together. Reducing the number of employees on the operating payroll. A hostile way of gaining control over another company.