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- Conglomerate ownership refers to a business structure where a parent company owns and controls a series of diversified, smaller companies12. These subsidiaries are legally independent but financially and strategically dependent on the parent company2. Conglomerates diversify their business risk by investing in a wide range of industries3. The process of creating a conglomerate is called conglomeration4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A conglomerate business consists of a parent company that owns a series of diversified, smaller companies. These businesses are typically large which enables them to diversify across industries and mitigate risk.www.masterclass.com/articles/conglomerate-busin…A conglomerate usually has a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company.en.wikipedia.org/wiki/Conglomerate_(company)A conglomerate is a multi-industry company, meaning it is a corporation that owns a variety of subsidiary businesses in different industries. Unlike focused companies, which specialize in a single market or product area, conglomerates diversify their business risk by investing in a wide range of industries.quickonomics.com/terms/conglomerate/Conglomeration describes the process by which a conglomerate is created, as when a parent company begins to acquire subsidiaries. Conglomeration often results in a new company that is a large multi-industry, multinational company.www.investopedia.com/terms/c/conglomeration.asp
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