Does merger includes joint venture?
No - a business merger is typically when one company absorbs another. If company ABC buys controlling interest in company XYZ, then ABC is now the owner of XYZ and can choose to dissolve it or make it a subsidiary.
A joint venture is a collaboration by two or more businesses. Automakers typically do this - Ford needed a minivan in its portfolio, and sold a Mercury Villager which was nothing more than a rebadged Nissan Quest.
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