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English definition of “white knight”

white knight

noun [C]     FINANCE
a person or company that buys shares in a company to stop someone else taking control of it in a takeover: A Saudi billionaire is a potential white knight for the troubled hotel chain.a white knight bid/bidder The Italian group has made little secret of its desire to attract a white knight bidder. → Compare black knight, grey knight
(Definition of white knight noun from the Cambridge Business English Dictionary © Cambridge University Press)
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