What's the point of a company owning another company that does literally the same thing
To make money
less competition?
skirting anti-trust laws
Brand recognition.
>>1948635
>Buying staff
>Buying clients
>Buy trademark
>Buying IP
>Buying asset
>Market stability
Lots of reasons
Lets say I'm coke and you are pepsi. Now people like to talk about how one is soooo much better than the other but they are very nearly the same drink. All those people that say coke is better or pepsi is better have been swayed by that particular brand because of advertising, personal/sentimental reasons, or maybe the taste. If coke buys pepsi they now get coke's business and pepsi's business.
There's other stuff too but this is one easily digestible reason.
To remove a competitor, allowing monopolistic practices like increasing prices
>>1949056
This. Why pay to set it up when you can just buy out someone else who already did all the work.
>>1948635
>morons get mad at parent company
>go to "another company"
>surprise!
>you own both companies
>>1948635
To legally isolate the entities.
>>1949056
This.
Also tax plan and liability spread out