Let's be straight.... Acquiring a company with 110K people is not creating 110K jobs. Those people had jobs before you absorbed them into your company.
Neither the article not anyone here that I've seen is claiming this to be job creation?
And now the job they had is available for someone else?
If Company A (40 people) buys Company B (20 people) to become Company C with 60 people, Company B doesn't continue to operate and suddenly need to hire 20 people.
And company A may lay off 5 people because now they are redundant.