Wrong,...it is a merger between Daimler Benz AG (which just so happen' to produce the Mercedes Benz) and Chrysler Corp., hence the new Company DaimlerChrysler.
Of course Daimler Benz has the upper hand as a controlling entity.
The difference is, in regards to a regular take over, that the "taken" company's name is not showing up on the official display(GMSaab/ FordJaguar /FerrariLamborghini etc.)
...still working for/with Chrysler for the passed 24 Years...