[Verse 1] When companies decide to merge and grow Three pathways open up, here's what you should know Horizontal means they're in the same game Two pizza shops combining, sharing the same name Banking with banking, retail with retail Same industry players on the merger trail [Chorus] Horizontal, Vertical, Conglomerate too Three types of mergers, each with something new Side by side, up and down, or scattered wide M&A strategies, let's take this ride Remember H-V-C, the merger spree Horizontal, Vertical, Conglomerate, you see [Verse 2] Vertical integration moves along the chain Supplier meets the customer, efficiency's the gain Netflix buys a studio, controls what they create Oil company grabs refineries, controlling their own fate Upstream or downstream, they're linking every piece Supply chain synergies make profits increase [Chorus] Horizontal, Vertical, Conglomerate too Three types of mergers, each with something new Side by side, up and down, or scattered wide M&A strategies, let's take this ride Remember H-V-C, the merger spree Horizontal, Vertical, Conglomerate, you see [Verse 3] Conglomerate ventures into foreign ground Different industries where new profits can be found Disney buying ESPN, entertainment meets sports General Electric spreading to all different courts Risk diversification across unrelated trades Portfolio expansion through acquisition raids [Bridge] Horizontal eliminates the competition Vertical streamlines production Conglomerate spreads the risk around Three strategies, merger-bound [Chorus] Horizontal, Vertical, Conglomerate too Three types of mergers, each with something new Side by side, up and down, or scattered wide M&A strategies, let's take this ride Remember H-V-C, the merger spree Horizontal, Vertical, Conglomerate, you see [Outro] Same industry, supply chain, or brand new space H-V-C will guide you to the right place M&A mastery in every case
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