Meaning of “white knight” in the English Dictionary

british 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)