What are the differences between merger, acquisition and takeover?

America Online and Time Warner in 2000, Facebook with WhatsApp in 2014, Microsoft with LinkedIn in 2016 . . . Mergers & Acquisitions of big companies are often in the spotlight.
But for most people, there is a confusion about the following financial words: merger, acquisition and takeover.
Check the infographic below to understand what are the differences between the 3 terms!

Investment banking & corporate finance, Innovation finance, Quantitative Finance & data analytics . . . The MSc in Finance offered by emlyon business school combine a technical and specialist skill set for the competitive edge needed to success in the international financial world.