In this episode, I began to “Buy Takeover Merge” my competitors. The main reason was that I was getting tired of the back and forth of losing dominance and having to be in the 0.00th% of competition for market dominance for a product. Plus, in some cases, they didn’t want to sell me the tech either.
Lessons learned using the “Buy Takeover Merge” way:
1. Sometimes it’s easier to buy them out
I found it easier to buy my competition out than having to compete with them. By buying them out I now owned the entire market which in the long run is better.
2. Be strategic
The companies I went after had something I wanted. I didn’t care for the rest as it really isn’t my interest. At the moment, I just want to get ownership back. But, even then, I went for my main competitor for PSP type consoles and Camcorders which guaranteed my domination in the markets for the rest of the game.
3. Use the company you took over to take over another one
If you take over a company with a good amount of cash, you can easily use their cash to buy stocks in another company. It’s like a cycle of takeovers.
What do you think? Leave a comment below 🙂