Conglomerate

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Conglomerate

A corporation operating in several different and unrelated enterprises, such as the movie industry, baking, and oil refining.

A conglomerate merger is one that brings together two firms with totally different product lines, economic relationships, and functions. Such a merger may violate antitrust acts inasmuch as it may have an adverse effect on competition.

References in periodicals archive ?
His divisions include: solo self-employed individuals, team builders, independent pattern multipliers, economy-of-scale exploiters, capital aggregators, acquirers, buy-sell artists, conglomerators, speculators, and apparent manipulators.
These are (1) solo self-employed individuals, (2) team builders, (3) independent innovators, (4) pattern replicators, (5) economy of scale exploiters, (6) capital aggregators, (7) acquirers, (8) buy-sell artists, (9) conglomerators, (10) speculators, and (11) apparent value manipulators.
My first instructor in corporate gamesmanship was Charles Bluhdorn, one of the early conglomerators who created Gulf & Western (which later bought Paramount and changed its name).