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        "html_text": "<div class=\"fr-view\"><p style=\"text-align: justify;\"><span style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">There are various issues that can arise when businesses acquire, merge with or cooperate with other businesses, including:</span></p><p style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: red;\">✗</span> <strong><span style=\"color: rgb(0, 0, 0);\">Costs:</span></strong><span style=\"color: rgb(0, 0, 0);\">&nbsp;it can be very costly to purchase other firms, as payment of a premium for the target company&rsquo;s shares (payment of a higher price than the market value) and extensive fees to legal/financial advisors may be required.&nbsp;</span></span></span></p><p style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: red;\">✗</span> <strong><span style=\"color: rgb(0, 0, 0);\">Time:</span></strong><span style=\"color: rgb(0, 0, 0);\">&nbsp;it can be very time consuming to purchase other firms, as ample negotiation and shareholder consent may be required.&nbsp;</span></span></span></p><p style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: red;\">✗</span> <strong><span style=\"color: rgb(0, 0, 0);\">Complexity:&nbsp;</span></strong><span style=\"color: rgb(0, 0, 0);\">coordinating and integrating different businesses can be complex, especially&nbsp;</span></span></span><span style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">if the organisations involved are large.</span></p><p style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: red;\">✗</span> <strong><span style=\"color: rgb(0, 0, 0);\">Loss of control / conflict:</span></strong><span style=\"color: rgb(0, 0, 0);\">&nbsp;profits and decisions may have to be shared. Reaching an efficient consensus on decisions may be difficult if the motives or objectives of the parties involved do not align.</span></span></span></p><p style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: red;\">✗</span> <strong><span style=\"color: rgb(0, 0, 0);\">Inefficiency:</span></strong><span style=\"color: rgb(0, 0, 0);\">&nbsp;communication issues may arise if an organisation becomes more complex. In addition, multiple alliances with similar partners may yield fewer benefits than partnerships with differentiated partners.&nbsp;</span></span></span></p><p style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: red;\">✗</span> <strong><span style=\"color: rgb(0, 0, 0);\">Expropriation:&nbsp;</span></strong></span></span><span style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">a larger, more powerful company may steal customers, expertise, assets or processes and then terminate the agreement. Ensuring intellectual property rights are sufficiently protected can mitigate this risk.</span></p></div>",
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