was acquired by new owners

USAGE SUMMARY

The phrase "was acquired by new owners" is correct and usable in written English.
It can be used to indicate that a business or property has changed hands and is now under different ownership. Example: "The local bookstore was acquired by new owners who plan to revitalize the store and expand its offerings."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

In Georgetown Girl Pat was acquired by new owners who returned her to Britain, where she was displayed as a tourist attraction in several resorts.

Wikipedia

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

Will Be Acquired by New Concern for $2,700,000.

The New York Times

But once it was acquired by its new owners, Toys R UsUs became responsible for paying off the massive debt accumulated by the new owners, who had borrowed 80percentt of the funds they used to purchase the company.

Forbes

The brand, which was acquired by Jaeger owner Harold Tillman nearly two years ago, is in the final negotiations for a new £8m bank loan.

The Guardian - Business

The title was acquired by Vogue owner Conde Nast four years later.

The Guardian

The company was acquired by Sabre Holdings, owner of Travelocity, in 2005.

Forbes

It was acquired by its present Italian owner in 1996, who describes its condition as "believed good" in all respects.

Forbes

Supplied new in the U.S., this two-owner example was acquired by the vendor in 1991 and is presented in totally original, as-new condition, having covered just 680 miles from new.

Forbes

Xfire, the social network for gamers that was acquired by Viacom for $102 million back in 2006, has a new owner.

TechCrunch

When Acuff-Rose was acquired by Sony ATV Music in 2002, the vault was transferred to the new owners' offices, kept under the watchful eye of longtime Acuff-Rose staffer Peggy Lamb, who still holds the title of "Hank Williams Catalogue Specialist".

Los Angeles Times

The bank's name disappeared in 1996, when its owner, Meridian Bancorp, was acquired by the CoreStates Financial Corporation.

The New York Times

Expert writing Tips

Best practice

When describing a business transaction, use "was acquired by new owners" to clearly indicate a change in control and ownership. This phrase is particularly effective in news articles or formal reports detailing corporate actions.

Common error

While "acquired" often implies a purchase, it can also refer to obtaining something through other means, such as a merger or gift. Be specific if money was involved; otherwise, "acquired" is a suitable general term.

Linguistic Context

The phrase "was acquired by new owners" functions as a passive construction describing a change in ownership. It highlights the entity that experienced the change rather than the entity initiating the acquisition. This construction is common in business and news reporting, as evidenced by examples on Ludwig.

Expression frequency: Common

Frequent in

News & Media

64%

Formal & Business

18%

Science

9%

Less common in

Wiki

6%

Encyclopedias

0%

Academia

0%

Ludwig's WRAP-UP

The phrase "was acquired by new owners" is a common and grammatically correct way to describe a change in ownership, predominantly used in news, business, and formal communications. Ludwig AI affirms its acceptability. While alternatives like "changed hands" exist, "was acquired by new owners" maintains a more formal tone, best suited for professional or journalistic contexts. It's essential to use the term accurately, distinguishing between an acquisition, a purchase, and other forms of obtaining ownership. Key sources like The New York Times and Forbes frequently employ this phrase, reinforcing its relevance in reporting transitions of entities from companies to properties.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

is now under new ownership

Highlights the current state of ownership, indicating a recent change.

changed hands

Focuses on the transfer of control from one party to another, emphasizing the act of passing ownership.

came under new management

Highlights the shift in leadership and operational control within an organization.

was taken over by new leadership

Emphasizes the assumption of control by a new group or individual in charge.

passed into the possession of new ownership

Formal and emphasizes the legal transfer of ownership rights.

was purchased by a new entity

Focuses on the act of buying and selling that resulted in the change of ownership.

the ownership transitioned to new investors

Highlights the shift from one owner/investor to another.

was obtained by fresh proprietors

Uses more formal and descriptive language to indicate new ownership.

new custodians took control

Focuses on the responsibility and control aspect of the new ownership.

the company merged with another

Highlights a business combination with changes in structure and/or control.

FAQs

What does it mean when a company "was acquired by new owners"?

It means that the company's ownership has changed, with a new individual or entity now controlling the company's assets and operations. This often results from a purchase, merger, or takeover.

Which is more formal, "was acquired by new owners" or "changed hands"?

"Was acquired by new owners" is more formal and often used in business or news contexts, while "changed hands" is more informal and suitable for casual conversation.

Can I use "came under new management" instead of "was acquired by new owners"?

Yes, but "came under new management" specifically highlights a change in the management team, whereas "was acquired by new owners" focuses on the change in ownership itself.

Is "was acquired by new owners" applicable to non-business entities?

Yes, this phrase can also apply to non-business entities like properties, organizations, or even teams. Anywhere a change of ownership takes place.