Joint venture
hideA joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.
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News tagged with joint venture
Verizon launches TV-online movie channel
Oct 30, 2009 |
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US telecom firm Verizon launched a high-definition movie channel on Friday, letting subscribers watch films on-demand on televisions or on the Internet.
Nokia posts loss of $832 million in third quarter
Oct 15, 2009 |
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(AP) -- World-leading mobile phone maker Nokia Corp. on Thursday reported a loss of euro559 million ($832 million) in the third quarter, taking hits from a 20 percent drop in sales and a one-time charge for the fallen value ...
Rivals to form UK's top mobile operator
Sep 08, 2009 |
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(AP) -- Deutsche Telekom AG and France Telecom SA said Tuesday they intend to combine their British mobile phone units - shaking up the country's intensely competitive market and forming the country's biggest mobile operator.
MySpace to cut 300 intl positions, close offices
Jun 23, 2009 |
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(AP) -- Social-networking site MySpace said Tuesday it plans to cut 300 jobs, or two-thirds of its overseas work force, in an effort to rein in costs and focus on countries where it has many users and better ...
Taiwan's AU Optronics, China firm to set up joint venture
Jun 22, 2009 |
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Taiwan's AU Optronics Corp said Monday it would set up a flat panel display joint venture with China's Sichuan Changhong Electric Co as it tries to tap the huge Chinese market.
Disney joins NBC and News Corp. with Hulu stake
Apr 30, 2009 |
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(AP) -- The Walt Disney Co. is taking a stake in Hulu.com. This means titles from The Walt Disney Studios library of films and full-length episodes of ABC television shows will join the online video site.
Nokia to cut 450 jobs worldwide: company
Apr 28, 2009 |
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Nokia, the world's leading mobile phone maker, said Tuesday it planned to cut some 450 jobs globally as it reorganises its services unit.
