What does acqui-hire mean?

According to the Cambridge Dictionary, acqui-hire is the term used to describe the purchase of a company in order to acquire its employees' skills or knowledge, rather than for its products and services.

In many cases, the company being bought is already experiencing financial difficulties, and selling out to a larger rival is seen as the only viable way out.

Definition of acquire

Lexico defines acquire as "buy or obtain (an asset or object) for oneself.

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Last edited on 21 October 2020.