Final answer:
A business combination occurs when two or more separate companies combine to form a single entity. Examples of business combinations include the merger between T-Mobile and Sprint in the telecommunications industry.
Step-by-step explanation:
A business combination occurs when two or more separate companies combine to form a single entity. There are different forms of business combinations, such as mergers and acquisitions. In a merger, two independent companies come together to create a new company, while in an acquisition, one company purchases another.
An example of a recent business combination is the merger between T-Mobile and Sprint in the telecommunications industry. T-Mobile acquired Sprint to create a larger and stronger company in the market.