IBM purchased MRO Software Inc.for $740 million.MRO was a niche provider of software and services to help customers including nuclear power plants and oil companies.IBM, plans to fold MRO into its software unit.This is an example of a(n):
A)joint venture
B)merger
C)conglomerate
D)voluntary union
E)acquisition

Question

Quizplus · Accepted Answer

This is an example of an acquisition, where IBM, a larger company, purchased MRO Software Inc., thereby taking over its operations and integrating it into its own business structure.

IBM Purchased MRO Software Inc