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To buy out the ownership of a business.

Acme Motors is to take over Jetcar Industries this week, if all goes as planned.

Additional definitions for 'take over':

take overTo assume control of something, especially by force; to usurp.
take overTo adopt a further responsibility or duty.
take overTo relieve someone temporarily.
take overTo appropriate something without permission.
take overTo annex a territory by conquest or invasion.
take overTo become more successful than someone or something else.
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"take over." Phrases.net. STANDS4 LLC, 2018. Web. 20 Feb. 2018. <http://www.phrases.net/phrase/take-over_1558>.

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