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
China took control of Anbang Insurance, owner of the Waldorf Astoria and one-time potential white knight to the Kushners.
Perhaps some physician group would like to ride in like a white knight and provide the funding to keep the NGC alive.
Sometimes all a town needs is a white knight in a black BMW.
When Mitt Romney first began to explore a bid for a Utah Senate seat, a certain segment of #resistance Twitter cheered the notion of Romney as white knight, standing triumphantly in the ruinous path of one Donald Trump.
How difficult to be a white knight in a fallen world!
In Taxi Driver, Travis sees Iris slathering jam on her toast, which solidifies his vision of her as a child and himself as her white knight.
Property tycoon Sun Hongbin has played the white knight for troubled companies.
In a late bid to play the role of white knight, Liberty and SiriusXM offered to inject $1.16 billion of new money and provide a loan to keep iHeart in business through the bankruptcy process.
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.
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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