parent company

noun

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

parent company

noun

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

Word History and Origins

Origin of parent company¹

First recorded in 1865–70

Example Sentences

In June, a judge dismissed a lawsuit authors filed against Facebook parent company Meta, which also developed an AI assistant, alleging that the company stole their work to train its AI systems.

From Los Angeles Times

While 1st Amendment experts said CBS News had done nothing wrong, parent company Paramount settled the case for $16 million to help clear the regulatory hurdles for its merger with Skydance Media.

From Los Angeles Times

In April, Pedro Pizarro, chief executive of Edison International, the utility’s parent company, said that “a leading hypothesis” of Eaton fire investigators was that a century-old transmission line, last used during the Vietnam War, somehow became re-energized and sparked the fire.

From Los Angeles Times

Separately this week, shares in Google's parent company Alphabet jumped by more than 9% on Wednesday after a US federal judge ruled that it would not have to sell its Chrome web browser but must share information with competitors.

From BBC

Google’s parent company, Alphabet, after dodging the most severe penalties, saw its stock surge 9% on Wednesday.

From Los Angeles Times