Bhargav Dangar's document discusses the differences between mergers and acquisitions. A merger occurs when two companies combine to form one large company, resulting in a transfer of ownership and control. An acquisition happens when one company purchases another and establishes itself as the new owner. Key differences are that mergers involve mutual agreement to combine two organizations, while acquisitions see one organization purchase another; mergers tend to be more expensive and time-consuming than acquisitions due to legal complexities.