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