Joint Venture - JV

Nothing to do with what California and other states have now legalized in the modern era. Instead, a joint venture is a kind of partnership, usually held between two loving companies that bring disparate but needed skills to the table.

Like...many American internet media companies were great in the U.S., but a load were terrible overseas. They didn't understand local culture, regulations, and core asset allocation needs. So they JV'd with local media companies to make things work.

To wit, Yahoo Japan today still...exists, despite massive competition, because the company JV'd with Softbank who was "the" media power player in Japan at the time.