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  2. Several different, independent businesses

    A conglomerate is a corporation made up of several different, independent businesses. In a conglomerate, one company owns a controlling stake in smaller companies that each conduct business operations separately. Conglomerates can be created through mergers or acquisitions.
    www.investopedia.com/terms/c/conglomerate.asp
    www.investopedia.com/terms/c/conglomerate.asp
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