For what reason(s) does a profitable company typically allow itself to be bought out?

Question

For what reason(s) does a profitable company typically allow itself to be bought out?

In: Economics

Answer 1

A company doesn’t decide whether it will be purchased or not. The owners do. And simply, the owners decide to sell because they think they’ll be better off selling. Either because they think they’ll make more money that way, or they’re ready to retire, or they they want to move into a new line or business, or whatever.