The definition of 'Acqui-hire'

An Acqui-hire is the process of acquiring a company to recruit its employees, not necessarily the products or services they developed.

The term stems from a combination of "acquisition" and "hire" and has also been referred to as a "talent acquisition".

As an exit, an acqui-hire gives employees the prestige of being bought by a larger company though there may not be much financial reward in the sale.