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 around-the-clock operations would rely on digital tokens mirroring the shares of listed companies, the NYSE's parent company said in a statement.

From Barron's

Yet the backing from parent company InterActiveCorp that allowed Vimeo to flourish would also invite its decline.

From Slate

Meta, the parent company of Facebook and Instagram, is also slashing its workforce again and closing several content studios as it focuses more heavily on investing in wearables such as smartglasses.

From Los Angeles Times

“We’re in the nostalgia business and have been since day one,” says Ken Parks, corporate vice president of planning and design at Six Flags Entertainment, the parent company of dozens of theme parks across the country, including Knott’s Berry Farm and Cedar Point in Ohio.

From The Wall Street Journal

After years of questions about TikTok’s future in America, the social media platform and its Chinese parent company, ByteDance, have finalized the app’s U.S. joint venture.

From Los Angeles Times