Asset Acquisition is a buyout strategy for certain businesses that focus on key assets of a particular company in contrast to purchasing its shares.  Most buyouts of this kind occur in the event of bankruptcy, where the bankruptcy company might otherwise have valuable assets which could be used by other companies, but whose financial condition makes the company unattractive for a traditional buyout. Understanding the nuances of negotiating and coordinating these types of acquisitions can be fairly straight forward with proper legal assistance.