Cryptic crossword clue
USA about to be swallowed by multinational company – cheers! 8

The most common and most likely answer to this crossword clue is the 8 letter word APPLAUSE

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Buddy explains!

The straight part
We know that "cheers!" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case cheers! = applause.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does APPLAUSE mean?

APPLAUSE noun
  1. The act of applauding; approbation and praise publicly expressed by the clapping of hands, stamping or tapping of the feet, acclamation, huzzas, or other means; marked commendation.

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