From Longman Dictionary of Contemporary Englishjoint venturejoint ventureBBCa business activity begun by two or more people or companies working together → joint
Examples from the Corpus
joint venture• United Distillers employs around 10,000 people worldwide and, with its joint ventures, an additional 1,500.• This joint venture between George Gibson & Co.• The decision point is particularly important for joint ventures projects.• Grove touted the Pandesic joint venture software as a turnkey solution for businesses seeking to conduct sales over the Internet.• Under the joint venture the council will pay nothing, while profits will accrue to Biomass.• Some analysts also said that a joint venture with Canon is possible.From Longman Business Dictionaryjoint venturejoint ventureCOMMERCE a business activity in which two or more companies have invested togetherSaudi Arabian and Japanese officials agreed on a joint venture to build oil refineries in both countries. → venture 