Used in business when one company gets control of another by purchasing a majority stake. The software company is planning to buy out their competitor by September.
Pro Tip 2/3
Market Strategy
Often part of strategic moves in the market, such as expanding or consolidating dominance. Big Corp's decision to buy out several small firms has solidified their market position.
Pro Tip 3/3
Cost Implication
Implies a significant financial transaction, often requiring careful planning and negotiation. The buy out of the startup cost the investors millions but promised a high return.