"Now buying business"

Perspective helps, and words help. Now is When? Who is buying? What is being bought?

For the Business being bought, is this buying a business (different than what got closed) or the business that was closed; which business is this? The business the corporation used to own and operate is being Bought? Or, a Person that is a shareholder in the now defunct corporation wants to buy a different business? Who is buying, who is selling?