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Meaning of “white knight” in the English Dictionary

"white knight" in British English

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white knightnoun [C]

uk   /ˌwaɪt ˈnaɪt/  us   /ˌwaɪt ˈnaɪt/
a person or organization that saves a company from financial difficulties or from a takeover by putting money into the company or by buying it
(Definition of white knight from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"white knight" in Business English

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white knightnoun [C]

uk   us   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.
(Definition of white knight from the Cambridge Business English Dictionary © Cambridge University Press)
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