A business proposition that joins firms in completely unrelated industries is called a(n) _________________________________________.

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A joint venture between companies in entirely different areas is referred to as a Conglomerate Mergers.

A conglomerate merger occurs when two companies merge and are engaged in completely unrelated commercial endeavors. These mergers often include businesses from several industries or from various geographical regions.

Conglomerate mergers can be either pure or mixed. Companies operating in different markets and with no connection to one another are included in a pure conglomerate merger.  Companies wanting to extend their product ranges or target markets are included in mixed conglomerate mergers.

For Example: The merger of the Walt Disney Company with the American Broadcasting Company is one example of a conglomerate merger.

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