takeover / assumption
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takeover
The process by which one company gains control over another company, often by purchasing shares.
Die Übernahme der kleinen Firma durch den großen Konzern wurde gestern bekannt gegeben.
The takeover of the small company by the large corporation was announced yesterday.
assumption
The taking on of a task, responsibility, or position.
Nach der Übernahme der Projektleitung hat er sofort neue Ziele definiert.
After assuming the project leadership, he immediately defined new goals.
assumption
The accepting and bearing of costs or obligations.
Die Firma hat die Übernahme der Reisekosten für alle Mitarbeiter zugesagt.
The company has agreed to assume the travel costs for all employees.
'Die Übernahme' is the noun form of the inseparable verb 'übernehmen' (to take over / to assume). Understanding the verb helps you work out all meanings of the noun, since it is always about some form of taking something on or taking something over.
Er wird die Firma seines Vaters übernehmen.
He will take over his father's company.
You can recognize which meaning is intended from the noun that usually follows in the genitive. 'Die Übernahme eines Unternehmens' (the takeover of a company, business), 'die Übernahme der Verantwortung' (the assumption of responsibility, task), or 'die Übernahme der Kosten' (the assumption of costs, finance).
Die Übernahme der Verantwortung war ein großer Schritt für sie.
The assumption of responsibility was a big step for her.
In a business context, typical combinations are 'eine feindliche Übernahme' (a hostile takeover, against the will of the other company) and 'die Übernahme durch einen Konzern' (the takeover by a corporation).
Die Mitarbeiter fürchten sich vor einer feindlichen Übernahme.
The employees are afraid of a hostile takeover.
When referring to tasks, 'Übernahme' (assumption / taking on) is often combined with abstract nouns such as 'Verantwortung' (responsibility), 'Leitung' (leadership), 'Macht' (power), or 'Rolle' (role).
Die Übernahme der Geschäftsführung erfolgt zum ersten Januar.
The assumption of management duties will take place on the first of January.
purchase
When a company is bought, the paid transaction is the focus. Übernahme, by contrast, refers to the fact that one company thereby gains control over another. When the price and the purchase transaction are at issue, Kauf is appropriate; when the change of control is the focus, Übernahme is more suitable.
Nach der Übernahme kontrolliert der Konzern alle Entscheidungen der Firma.
After the takeover, the group controls all of the company's decisions.
Der Kauf der Firma kostete den Konzern zehn Millionen Euro.
The purchase of the company cost the group ten million euros.
