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If one company(A) owns another company(B) and Company B owns a third company (C) is it safe to say that Company A owns part of Company C

If one company(A) owns another company(B) and Company B owns a third company (C) is it safe to say that Company A owns part of Company C?

A real life example is the sports media group TSN is 20% owned by ESPN. ESPN is then in turn 80% owned by The Walt Disney Company. Can I say that Disney owns 16% of TSN?
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