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