A business buyer wants to acquire a business in its totality, including the business identity and all rights, obligations, liabilities, and assets. the type of transaction that would accomplish this aim is

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Actually in this scenario the business buyer should do type of transaction that would merge the buying business with the parent business or company, and also the business buyer should buy all the shares and stakes of the buying business along with the copyrights, which would cover all the buying companies performing assests along with non-performing assests all in one shot surely with mutual merging.
It is the absolute ownership of a business. To achieve this you need to be an owner with the contract to the original owner that you wanted to acquire the whole of its company including the rights, obligations, and the like.

You need to have a written contract to have it legally binding. And to avoid issues in the future.