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