The phrase "acquisition payment" is correct and usable in written English.
It can be used in contexts related to business transactions, particularly when discussing payments made for acquiring assets, companies, or services.
Example: "The acquisition payment was processed successfully, and the transfer of ownership will be finalized next week."
Alternatives: "purchase payment" or "buying payment".
Since Mr. Woodford went public in October with his concerns over Olympus's finances, the company has admitted to using acquisition payments to hide old investment losses.
The Mountain View company doesn't mind making substantial ($1bn or more) traffic acquisition payments to Apple because the two don't compete in the search and advertising business.
Mr. Woodford, a British national, was fired in mid-October after he questioned the Olympus board over a series of unusually large acquisition payments that were later found to be part of the company's cover-up.
Despite those limitations, the panel's findings appeared to largely vindicate the company's ousted president, Michael C. Woodford, who had publicly questioned a series of exorbitant acquisition payments made by the company before his tenure.
It also suggests that investigators believe illicit payouts from Olympus went far beyond the roughly $1.4 billion in merger fees and acquisition payments that have come under recent scrutiny, potentially making it one of the biggest scandals in Japanese corporate history.
It replaced its entire board, restated five years of earnings and took a $1.3 billion write-down after acknowledging that it obscured what it said were past investment losses in inflated mergers and acquisition payments.
That story came back to haunt the company this week after a shocking revelation, prompted by accusations by Michael Woodford, its ousted British chief executive turned whistle-blower: The company admitted it had hidden losses from the early 1990s using a series of inflated acquisition payments of over $1 billion, much of it made through obscure overseas funds, in a bid to clear its balance sheet.
Olympus paid a total of 481 billion yen, or $6.25 billion, through questionable acquisition payments, investments and advisory fees from 2000 to 2009, according to the memo, but only 105 billion yen has been written down or otherwise accounted for in its financial statements.
It said that of the "questionable acquisition payments, investments and advisory fees" made between 2000 to 2009, only ¥105 billion has been accounted for in some way.
Now Truecaller is putting even more weight behind its India push after it announced its first acquisition, mobile payment service Chillr.
