co-venture

American  

[koh-ven-cher] / koʊˈvɛn tʃər /

noun

1. a business project or enterprise undertaken jointly by two or more companies, each sharing in the capitalization and in any profits or losses.

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Example Sentences

Airbus currently serves that market through its 50-70-seat ATR turboprop co-venture with Italy’s Leonardo.

From Reuters

Gianopulos told investors and analysts in 2018 following the deal that Paramount would use the co-venture “when and where it makes sense.”

From The Verge

The dinners are a co-venture among state parks, the West Virginia Department of Agriculture, West Virginia Farmer’s Market Association and the West Virginia Department of Natural Resources as a way to promote locally grown food and produce.

From Seattle Times

But it seems that ExxonMobil’s stalled co-venture to drill in the Arctic Ocean and Black Sea may remain that way.

From Washington Post

Katzenberg will transition to a role overseeing the company's television and new media holdings — including the Verizon co-venture AwesomenessTV, which specializes in shortform video for mobile platforms.

From The Verge