facebookWhy do firms even want to become a conglomerate by acquiring a totally different firm in a totally different industry? what kind of synergy can there even be? - Seedly

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Anonymous

18 Apr 2019

General Investing

Why do firms even want to become a conglomerate by acquiring a totally different firm in a totally different industry? what kind of synergy can there even be?

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TUBInvesting

15 Mar 2019

Finance at Singapore Management University

I assume you are asking about Keppel Corp purchasing M1. If you look at their segmented reports, you will realise the need to diversify its revenue stream. This is 1 of the ways to do that.

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