it was acquired for

USAGE SUMMARY

The phrase "it was acquired for" is correct and usable in written English.
You can use it when discussing the purpose or reason for acquiring something, often in a financial or transactional context. Example: "The artwork was acquired for a significant sum at the auction last year."

✓ Grammatically correct

News & Media

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

22 human-written examples

(It was acquired for distribution after its première at Sundance in January, 2009).

The New Yorker

It was acquired for $35,000 at the turn of the 20th century.

The New York Times

She sold it at auction in 1925, when it was acquired for the Pforzheimer library.

The Guardian - Books

Private Capital has operated as a unit of Legg Mason since 2001, when it was acquired for $1.4 billion.

The New York Times

No. 34 Greene Street is Sorgente's first downtown residential property; records show it was acquired for $14.8 million in June 2007.

The New York Times

By selling the plot, its previous owner is believed to have made £31,000 in profit in just eight months, after it was acquired for £53,000 last September.

Independent

Human-verified similar examples from authoritative sources

Similar Expressions

36 human-written examples

Specifically, in EEDA-based approach (Fig. 3b), the convergence is acquired in 52nd iteration, where it is acquired for PCE-based approach (Fig. 3a) and SCE-based approach (Fig. 3c) in 123rd and 186th, respectively.

EURASIP Journal on Advances in Signal Processing

Yes, Facebook has taken the curious step of launching what looks like a rival to the app it's acquiring for $1bn.

The Guardian - Tech

It was a hit and was acquired for a nice sum three months ago.

The New York Times

It is unclear whether Peca, who was acquired for his leadership along with his defensive prowess and playmaking abilities, will be named the Islanders' new captain.

The New York Times - Sports

Is it worth more than MySpace, which was acquired for a mere $580 million in 2005?

TechCrunch

Expert writing Tips

Best practice

When using "it was acquired for", ensure the subject is clearly defined and the reason or cost is explicitly stated to avoid ambiguity. This provides clarity and context to the reader.

Common error

Avoid using "it was acquired for" without specifying what "it" refers to. Always provide sufficient context to ensure clarity; otherwise, the sentence can be confusing.

Linguistic Context

The phrase "it was acquired for" functions as a passive construction indicating a past transaction where something changed ownership, specifying the reason or price involved. As seen in Ludwig, it is commonly used to provide information about business deals, property sales, or company acquisitions.

Expression frequency: Common

Frequent in

News & Media

80%

Science

10%

Wiki

10%

Less common in

Formal & Business

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "it was acquired for" is a grammatically sound and frequently employed expression used to convey information about a past transaction, particularly in business, finance, and real estate contexts. Ludwig AI confirms its correctness and provides numerous examples from reputable sources such as The New York Times and TechCrunch. Remember to specify the subject clearly to avoid ambiguity. Alternatives such as "it was purchased for" or "it was obtained for" can be used to add variety, though they carry slightly different connotations. Always ensure clarity by providing adequate context to avoid confusing your audience.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

it was purchased for

Replaces "acquired" with "purchased", emphasizing the act of buying.

it was obtained for

Substitutes "acquired" with "obtained", highlighting the act of getting possession.

it was bought for

Uses the simpler verb "bought" instead of "acquired".

it was secured for

Replaces "acquired" with "secured", suggesting a competitive process to obtain it.

it was attained for

Emphasizes the achievement of gaining possession.

it was procured for

Highlights the process of obtaining something, often through special effort.

the acquisition price was

Reformulates the sentence to focus on the price rather than the action of acquiring.

the purchase price was

Focuses on the purchase price, similar to "acquisition price".

the cost of acquisition was

Highlights the expense associated with the acquisition.

ownership was transferred for

Shifts the focus to the change in ownership.

FAQs

How can I use "it was acquired for" in a sentence?

Use "it was acquired for" to indicate the reason or price for which something was obtained. For example, "The company "it was acquired for" $1 billion".

What are some alternatives to "it was acquired for"?

Alternatives include "it was purchased for", "it was obtained for", or "the acquisition price was", depending on the specific nuance you want to convey.

Is it correct to say "it was acquired for an undisclosed amount"?

Yes, "it was acquired for an undisclosed amount" is correct. It indicates that the acquisition happened, but the exact price is not being revealed.

What's the difference between "it was acquired for" and "it was sold for"?

"It was acquired for" describes the perspective of the buyer, indicating the cost they paid. "It was sold for" describes the perspective of the seller, indicating the revenue they received from the sale.