bn ▁y en ▁to ▁buy ▁the ▁firm . ▁▁ 2 0 0 8 ▁– ▁J PM organ ▁Ch ase ▁acqu ires ▁Bear ▁Ste ar ns ▁allowing ▁Bear ▁Ste ar ns ▁to ▁avoid ▁ins ol ven cy ▁after ▁Bear ▁Ste ar ns ▁stock ▁price ▁suffered ▁a ▁precip it ous ▁decl ine , ▁with ▁its ▁market ▁capital ization ▁dro pping ▁by ▁ 9 2 %. ▁▁ 2 0 0 8 ▁– ▁Volks wagen ▁acqu ires ▁Por sche , ▁after ▁Por sche ▁launched ▁a ▁host ile ▁take over ▁of ▁Volks wagen ▁by ▁purch asing ▁enough ▁Volks wagen ▁shares ▁to ▁control ▁ 7 5 % ▁of ▁the ▁company ▁at ▁one ▁point . ▁During ▁the ▁financial ▁crisis , ▁Por sche ▁ran ▁out ▁of ▁fund ing ▁and ▁was ▁at ▁risk ▁of ▁ins ol ven cy . ▁Volks wagen ▁both ▁performed ▁a ▁Pac - Man ▁defense ▁and ▁acted ▁as ▁a ▁white ▁kn ight ▁to ▁Por sche ▁by ▁l ending ▁them ▁enough ▁money ▁to ▁stay ▁sol vent , ▁with ▁the ▁consequence ▁being ▁that ▁Por sche ▁was ▁absor bed ▁into ▁Volks wagen . ▁This ▁unusual ▁situation ▁occurred ▁because ▁of ▁the ▁shared ▁history ▁between ▁the ▁two ▁companies , ▁and ▁that ▁the ▁chairman ▁of ▁Volks wagen ▁at ▁the ▁time ▁was ▁Ferdinand ▁Pi ë ch , ▁a ▁desc endant ▁of ▁Ferdinand ▁Por sche , ▁a ▁co - found er ▁of ▁Volks wagen ▁before ▁found ing ▁his ▁e pon ym ous ▁company , ▁and ▁Pi ë ch ' s ▁family ▁had ▁deep ▁t ies ▁to ▁both ▁companies . ▁▁ 2 0 0 8 ▁– ▁P NC