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