Meaning of “common ownership” in the English Dictionary

"common ownership" in Business English

See all translations

common ownershipnoun [ U ]

uk us

LAW a situation in which several related companies, etc. are owned by one person or organization:

The BBC offers a variety of opinions despite common ownership of all its channels.
The agreement would reunite Portland's NBA franchise with its arena under common ownership.

also ownership in common PROPERTY a situation in which a home or other property is owned by more than one person or organization

(Definition of “common ownership” from the Cambridge Business English Dictionary © Cambridge University Press)