General
white knight
What does white knight mean?
A friendly acquirer the target board actually wants. When a raider shows up swinging, the board runs to a white knight who'll pay up, keep management, and not gut the place. Better the devil you're choosing.
"Twitter spent a week shopping for a white knight before realising nobody wanted to outbid Musk."
Frequently asked questions
What does "white knight" mean in finance?
It's a friendly buyer that swoops in to rescue a company from a hostile bidder.
How do you use "white knight" in a sentence?
"The board went looking for a white knight to fend off the hostile takeover."
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