A corporation that owns or directly
controls other corporations and thereby
directs the activities of these entities
owing to its position of controlling
interest. Simply put, holding companies are
conglomerates that own other firms.
A good example is Warren Buffett's
Berkshire Hathaway
(NYSE: BRK.A), which owns GEICO,
See's Candies, Executive Jet, Dairy Queen,
The Pampered Chef, and Benjamin Moore
paints, among many other businesses.
While many companies routinely gobble up
other companies, they frequently aim to
blend these acquisitions into their
operations. Holding companies keep the
businesses they buy more separate.
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