What does backflip takeover mean?

backflip takeover meaning in Law Dictionary

takeover where the buying organization happens to be a subsidiary. This occurs if the organization bought is larger the the main one buying it.

backflip takeover meaning in Business Dictionary

a silly particular corporate takeover when the getting organization becomes a subsidiary of acquired company. This rare variety of takeover typically occurs when the acquired business is larger or better-known as compared to acquiring company.