The correct answer is C. Takeover.
A takeover is when one company acquires a controlling interest in another company. This can be done through a variety of methods, such as purchasing a majority of the company’s shares, merging the two companies, or acquiring the company’s assets.
An amalgamation is when two or more companies merge to form a new company. The new company will have its own legal identity and will be separate from the original companies.
An absorption is when one company acquires another company and the acquired company ceases to exist. The acquiring company will take over all of the acquired company’s assets and liabilities.
None of the above is the correct answer because it does not describe the situation in the question. In the question, company A purchases majority shares of company B. This is a takeover, not an amalgamation, absorption, or none of the above.