SuperT has just announced plans to enter into a joint venture with SuperX Corp $($a SemiConductor company in Germany$)$ to produce new, super$-$fast battery charging facilities for Electric Vehicles. Which of the following ownership arrangements would be MOST typical for a joint venture?

SuperT will own more than $50$ percent of the venture and a new company will be formed.

SuperX will own more than $50$ percent of the venture and a new company will be formed.

SuperT and Super $x$ will both own $50$ percent of the venture and a new company will be formed.

SuperT and SuperX will both own $50$ percent of the venture but no new company will be formed.