What type of buyer seeks to acquire a company primarily for strategic business reasons?

A buyer seeking to acquire a company primarily for strategic business reasons is categorized as a strategic buyer. This type of buyer typically looks to make acquisitions that will enhance their existing operations, broaden their market reach, or create synergies that benefit their overall business strategy.

Strategic buyers often have specific goals for the acquisition, such as increasing market share, gaining access to new technologies, or eliminating competition. They may also be interested in leveraging the acquired company's assets, customer base, or intellectual property to achieve long-term growth and operational efficiencies.

In contrast, financial buyers usually focus on the potential for investment returns rather than operational synergies, looking for undervalued companies or opportunities to improve a business’s financial performance in order to sell it later at a profit. Market buyers and corporate buyers could refer to different aspects of the purchasing process, but they don't specifically capture the strategic intent that is central to this distinction.