Meaning of “black knight” in the English Dictionary

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"black knight" in Business English

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black knightnoun [ C ]

uk us

FINANCE a company or person that tries to buy a company whose owners do not want to sell to them:

In the case of a hostile takeover, the firm making the bid can be referred to as a 'black knight'.

(Definition of “black knight” from the Cambridge Business English Dictionary © Cambridge University Press)