Examples of white knight in a Sentence
a deserving cause in need of a charismatic white knight who will galvanize public support
Recent Examples of white knight from the Web
Employees at The Los Angeles Times have been hoping for many months that a white knight would offer them a way out of their contentious relationship with their parent company, Tronc.
White allies should never be confused with white knights—the thought that without the help of a white savior swooping down to help blacks there would be no hope.
Sometimes all a town needs is a white knight in a black BMW This story appears in the November 2017 issue of Town & Country.
Sometimes all a town needs is a white knight in a black BMW This story appears in the November 2017 issue of Town
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'white knight.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of white knight
Financial Definition of WHITE KNIGHT
What It Is
A white knight is a company that acquires another company that is trying to avoid acquisition by a third party.
How It Works
For example, let's assume that Company XYZ wants to acquire Company ABC. Company ABC feels that Company XYZ is a hostile bidder and will ruin the company. As a result, Company ABC's directors go on the offensive and tell the shareholders that a sale to Company XYZ would not be a good thing.
Company 123, which has worked with Company ABC for years and has a good relationship with its board, sees an opportunity to "save" Company ABC from the tense situation and make a lucrative acquisition at the same time. Company ABC welcomes Company 123's bid and merges with it to avoid acquisition by Company XYZ. Company 123 is a white knight.
Why It Matters
White knights make acquisitions on friendly terms. White knights are white because they are associated with goodness and virtue.
WHITE KNIGHT Defined for English Language Learners
Definition of white knight for English Language Learners
: someone or something that rescues or saves another person or thing from a bad situation; especially : a company that buys a second company in order to prevent it from being taken over by a third company
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