conglomerate

adjective
con·​glom·​er·​ate | \ kən-ˈgläm-rət How to pronounce conglomerate (audio) , -ˈglä-mə-\

Definition of conglomerate

 (Entry 1 of 3)

: made up of parts from various sources or of various kinds the conglomerate peoples of New England a conglomerate empire

conglomerate

verb
con·​glom·​er·​ate | \ kən-ˈglä-mə-ˌrāt How to pronounce conglomerate (audio) \
conglomerated; conglomerating

Definition of conglomerate (Entry 2 of 3)

intransitive verb

: to gather into a mass or coherent whole Infinite numbers of dull people conglomerated round her …— Virginia Woolf

conglomerate

noun
con·​glom·​er·​ate | \ kən-ˈgläm-rət How to pronounce conglomerate (audio) , -ˈglä-mə-\

Definition of conglomerate (Entry 3 of 3)

1 : a composite mass or mixture especially : rock composed of rounded fragments varying from small pebbles to large boulders in a cement (as of hardened clay)
2 : a widely diversified corporation an international conglomerate of some 350 businesses

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Other Words from conglomerate

Verb

conglomerative \ kən-​ˈgläm-​rə-​tiv How to pronounce conglomerative (audio) , -​ˈglä-​mə-​ ; -​mə-​ˌrā-​ \ adjective
conglomerator \ kən-​ˈglä-​mə-​ˌrā-​tər How to pronounce conglomerator (audio) \ noun

Noun

conglomeratic \ kən-​ˌglä-​mə-​ˈra-​tik How to pronounce conglomeratic (audio) , ˌkän-​ \ adjective

Synonyms & Antonyms for conglomerate

Synonyms: Verb

assemble, cluster, collect, concenter, concentrate, congregate, convene, converge, forgather (or foregather), gather, meet, rendezvous

Synonyms: Noun

empire

Antonyms: Verb

break up, disband, disperse, split (up)

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Examples of conglomerate in a Sentence

Verb

people conglomerated in the downtown streets for an impromptu victory celebration over the years the town's discarded junk conglomerated at the bottom of the river

Noun

a news and entertainment conglomerate Our small company must compete with the big conglomerates.
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Recent Examples on the Web: Adjective

In a shareholder vote over competing slates of directors, Elliott narrowly edged out French media conglomerate Vivendi . Eric Sylvers, WSJ, "Elliott Scores a Victory in Telecom Italia Fight," 4 May 2018 Telecom Italia, whose biggest shareholder is French media conglomerate Vivendi SA, is planning to set aside about 700 million euros ($834 million) to pay for the early retirements and voluntary buyouts, one of the people said. Bloomberg.com, "Bloomberg," 9 Jan. 2018 Elliott has set up a showdown with Telecom Italia’s largest shareholder, the French media conglomerate Vivendi SA, which owns 24 percent. Daniele Lepido, Bloomberg.com, "Elliott Said to Back Ferrari-Like Spinoff for Telecom Italia," 21 Mar. 2018 French media conglomerate Vivendi SA, Telecom Italia’s largest shareholder with a 24 percent stake, increased its influence over the Italian phone company last year. Bloomberg.com, "Bloomberg," 8 Jan. 2018 Erik Hellum has also been appointed as COO of the radio and media conglomerate’s local media. Billboard, "Executive Turntable: Hires at Def Jam, Plus Moves at Warner Music Group, Townsquare & More," 21 Oct. 2017 For the better part of the past two years, the company has had to deal with a looming takeover threat from French media conglomerate Vivendi, which has slowly been buying shares of the game publisher. Chris Morris, Fortune, "Ubisoft’s CEO Isn’t Playing Games," 23 Aug. 2017

Recent Examples on the Web: Verb

The bride’s father is the vice president of investor relations and the treasurer of Textron, a global aerospace and defense technologies conglomerate in Providence, R.I. New York Times, "Emily Salander, Felipe Maciá," 8 July 2018 For SoftBank, a deal would help the Japanese conglomerate put more money to work from its Vision Fund, which is backed largely by Saudi Arabia and Abu Dhabi sovereign-wealth funds, as well as money from SoftBank. Eliot Brown, WSJ, "WeWork in Talks With SoftBank to Double Valuation to as Much as $40 Billion," 13 June 2018 Some media had reported that Singapore Air (singy, -2.66%), Qatar Airways and conglomerate Tata Group were potential bidders, but in the end none showed up. Fortune, "A Funny Thing Happened When India Put Its National Airline Up for Sale: No One Put in a Bid," 1 June 2018 The company has reached a tentative deal to sell its Nine West and Bandolino footwear and handbag business to conglomerate Authentic Brands Group, which controls the brands of Marilyn Monroe, Elvis Presley, Muhammad Ali and others. Nathan Bomey, USA TODAY, "Nine West files for Chapter 11 bankruptcy protection," 6 Apr. 2018 Now SoftBank, a Japanese conglomerate best known in the United States for its ownership of Sprint, is looking to muscle in on this lucrative business. Landon Thomas Jr., New York Times, "SoftBank Looks to Invade Wall Street’s Turf," 11 Mar. 2018 There are just three major makers of DRAM: Korea conglomerates Samsung and SK Hynix, and Micron, a stand-alone company and the smallest of the three. David Staats, idahostatesman, "Prosecutors say Micron workers in Taiwan stole tech secrets | Idaho Statesman," 8 Dec. 2017 Within that arena, Remy hopes to position Atlas brands as a bastion of independence within an ever-conglomerating industry. Esther Mobley, San Francisco Chronicle, "Atlas Wine Co. wants to revolutionize grocery store wine," 3 Nov. 2017 Immediate recognition is the reason conglomerates overwhelmingly choose pre-existing fashion labels as vehicles for young talent instead of backing new ventures. Alexander Fury, New York Times, "In Fashion, the Beauty (and Challenge) of Looking Back," 18 Sep. 2017

Recent Examples on the Web: Noun

Jake launched Teen Entertainment and Media Kingdom, AKA TeamDom, a media conglomerate that focuses on building teen entertainment brands, celebrities, and businesses. Tamara Fuentes, Seventeen, "A Complete Timeline of Jake Paul's Biggest Controversies," 26 Sep. 2018 Many e-bikes are powered by gear from Bosch, a German conglomerate. The Economist, "How two-wheelers are weaving their way into urban transport," 21 June 2018 Running a conglomerate like ABC must come with its fair share of compromise and regretful decisions. refinery29.com, "Enough About Roseanne — Let's Talk About Channing Dungey," 31 May 2018 In August, the conglomerate’s nascent biopharma efforts were one of four areas earmarked for $22 billion of new investment through 2020. Jared S. Hopkins, WSJ, "Samsung Faces Resistance From Big Pharma in the U.S.," 11 Jan. 2019 SoftBank has expressed doubts about the likelihood of a second Vision Fund; here’s a look at how the Japanese conglomerate is handling the growing crisis. Recode Staff, Recode, "Recode Daily: Uber is building tools to Uber-ize all kinds of work," 19 Oct. 2018 The luxury conglomerate is selling its share in Stella McCartney back to the designer, and is also considering doing the same with Christopher Kane. Sarah Spellings, The Cut, "Tomas Maier Label Is Closing," 25 June 2018 The conglomerate was an original member of an exclusive corporate club when the Dow was started in 1896 and isthe only one of the original 12 to survive today as an independent company. BostonGlobe.com, "The week in business," 23 June 2018 The conglomerate is, at the behest of the government, developing software that will decipher accents and automatically transcribe what’s said for air traffic controllers. Anurag Kotoky, Bloomberg.com, "Honeywell to Make Flying Safer by Decoding 100 Accents in India," 5 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'conglomerate.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of conglomerate

Adjective

1572, in the meaning defined above

Verb

1642, in the meaning defined at intransitive sense

Noun

1818, in the meaning defined at sense 1

History and Etymology for conglomerate

Adjective

Latin conglomeratus, past participle of conglomerare to roll together, from com- + glomerare to wind into a ball, from glomer-, glomus ball — more at clam

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Statistics for conglomerate

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Time Traveler for conglomerate

The first known use of conglomerate was in 1572

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More Definitions for conglomerate

conglomerate

noun

Financial Definition of conglomerate

What It Is

A conglomerate is a corporation made up of several smaller, independently-run companies which may operate across several sectors and industries.

How It Works

Conglomerates are generally formed for two reasons: to diversify risk by participating in unrelated businesses or to expand a business within an industry to include suppliers and product purchasers.

Despite the possible benefits, conglomerates face the challenge of becoming so large that they are difficult to manage efficiently. This can lead to a lack of focus, which exacerbates managerial problems and reduces shareholder returns. This reason is why conglomerates often "spin off" subsidiaries into stand-alone entities. Corporations may also fail to realize the anticipated cost savings associated with acquisitions.

Why It Matters

The motto "the parts are worth more than the whole" is the idea behind conglomerates. They are typically very diversified businesses (although some conglomerates stick to one or two industries). This diversification and the efficiencies brought about by shared or reduced costs often make conglomerates less risky than those operating in a single market or niche. Many well-run conglomerates like Berkshire Hathaway and General Electric are much like funds in that they offer diversification and are less sensitive to general business cycles than more focused companies.

Source: Investing Answers

conglomerate

noun

English Language Learners Definition of conglomerate

: a large business that is made of different kinds of companies
technical : a kind of rock that is made from many stones of different sizes held together with hardened clay

conglomerate

noun
con·​glom·​er·​ate | \ kən-ˈglä-mə-rət How to pronounce conglomerate (audio) \

Kids Definition of conglomerate

1 : a mass (as a rock) formed of fragments from various sources
2 : a corporation engaging in many different kinds of business

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conglomerate

adjective
con·​glom·​er·​ate | \ kən-ˈgläm-(ə-)rət How to pronounce conglomerate (audio) \

Medical Definition of conglomerate

 (Entry 1 of 3)

: made up of parts from various sources or of various kinds

conglomerate

verb
con·​glom·​er·​ate | \ -ə-ˌrāt How to pronounce conglomerate (audio) \
conglomerated; conglomerating

Medical Definition of conglomerate (Entry 2 of 3)

transitive verb

: to gather (something) into a mass or coherent whole

intransitive verb

: to gather into a mass or coherent whole

Other Words from conglomerate

conglomerative \ -​ˈgläm-​(ə-​)rət-​iv, -​ə-​ˌrāt-​ How to pronounce conglomerative (audio) \ adjective

conglomerate

noun
con·​glom·​er·​ate | \ -(ə-)rət How to pronounce conglomerate (audio) \

Medical Definition of conglomerate (Entry 3 of 3)

: a composite mass or mixture

conglomerate

noun
con·​glom·​er·​ate | \ kən-ˈglä-mə-rət How to pronounce conglomerate (audio) \

Legal Definition of conglomerate

: a widely diversified company especially : a corporation that acquires other companies whose activities are unrelated to the corporation's primary activity

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