Share this entry

Share this page

black knight

Line breaks: black knight

Definition of black knight in English:

noun

Stock Exchange
A person or company making an unwelcome takeover bid for another company.
Example sentences
  • The black knight, of course, isn't the type to court a maiden with flowers but instead prefers a fast horse and a sack.
  • Comcast has opened the door for possible black knights to appear too, in the form of Viacom, Liberty Media or even Microsoft.
  • A white knight is a person who is asked to acquire a company as an alternative to an unwanted black knight, who is the investor initiating a hostile takeover bid.

Origin

by association with white knight.

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day cumbersome
Pronunciation: ˈkʌmbəs(ə)m
adjective
large or heavy and therefore difficult to carry…