parent company

American  

noun

1. a corporation or other business enterprise that owns controlling interests in one or more subsidiary companies (holding company ).

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parent company British  

noun

1. a company that owns more than half the shares of another company

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Etymology

Origin of parent company

First recorded in 1865–70

Example Sentences

The tension within CBS over the pulled segment is playing out as parent company Paramount pursues a high-stakes bid to buy Warner Bros.

From The Wall Street Journal

A week before Weiss’ interference, while accepting University of Southern California Annenberg’s Walter Cronkite Award at the National Press Club, longtime “60 Minutes” anchor Scott Pelley reassured the audience that despite the sale of CBS’s parent company Paramount and the arrival of new ownership, the program had experienced “no corporate interference of any kind.”

From Salon

The company, whose parent company is Maplebear, said Monday that effective immediately, retailers will no longer be able to use Eversight technology to run item price tests on its platform.

From The Wall Street Journal

On Sunday, Sports Business Journal reported that the parent company of FanDuel Sports Network is in jeopardy of shutting down if it cannot complete a sale to streaming service DAZN.

From Los Angeles Times

Preparation H declined to disclose its market share, but Preparation H parent company Haleon’s chief U.S. marketing officer Katie Williams said it isn’t worried about competitors.

From The Wall Street Journal