ABC, Inc., a pharmaceutical company, initially invested $2.1…
ABC, Inc., a pharmaceutical company, initially invested $2.1 billion to purchase a controlling interest in the biotech start-up XYZ Corp. Twenty years later, after witnessing the success of XYZ Corp’s drug discovery and development projects, ABC, Inc. spent $47 billion to purchase the remaining minority interest in XYZ Corp, making it a wholly owned subsidiary. In terms of strategic alliances, this scenario best indicates
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