black knight

Dark armored warrior

A black knight is a hostile acquirer attempting to take over a company against the wishes of its management and board.

The term comes from chess and medieval imagery—an ominous figure arriving uninvited.

A black knight bid typically offers shareholders a premium over market price, hoping to bypass resistant leadership.

Contrast with white knight, a friendly acquirer welcomed by the target company.

chess

bishop

Diocesan clergy head

  • rookChess piece or corvid
  • pawnUnwitting tool of another
  • queenMost powerful chess piece

king · checkmate · gambit · sacrifice · fork · pin · skewer · opening · endgame · zugzwang

villain

antagonist

One who opposes another

mysterious stranger · Mordred · Sauron · treachery · betrayal · sinister · menacing · ruthless · merciless · fearsome

takeover

hostile bid

Unsolicited acquisition offer

corporate raider · leveraged buyout · acquisition · merger · shareholder · golden parachute · asset stripping · antitrust · premium · stake

medieval

armor

Protective combat covering

chivalry · squire · heraldry · chainmail · longsword · visor · gauntlet · shield · charger · crusades

arthurian

Monty Python

British surreal comedy troupe

round table · Camelot · quest · comedy · absurdist · limbless · parody · satire · stubborn · defiant

mystery

enigmatic

Puzzling and obscure

secretive · shadowy · incognito · cloaked · hidden identity · faceless · inscrutable · nameless · veiled · disguised

Categories
Opposites
chess piece color

black knightwhite knight

Benevolent takeover bidder

knight in shining armor · paladin · heroic knight · holy knight · hero

Family

black, knight, blacker, blackest, blacken, blackened, blackening, blackness, blackish

Familiarity
Top 200,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G