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A.Word.A.Daywith Anu Garg
noun: The purchase of a company for its talent rather than its products or services.
verb tr.: To buy a company in this manner.
Coined by Rex Hammock as a combination of acquire + hire. From Latin quaerere (to seek, get) and Old English hyrian (to hire). Earliest documented use: 2005.
Even before the current shortage of employees, the biggest challenge for a company was recruiting. Ask any employer and they’d tell you how hard it is to find great talent. Sometimes, large companies simply buy another company -- typically a startup -- to acquire its talent.
“Danna and Kuba personify the reason why God invented acquihires several years back.”
Rob Reid; After On; Del Rey; 2017.
A THOUGHT FOR TODAY:Lots of times you have to pretend to join a parade in which you're not really interested in order to get where you're going. -Christopher Morley, writer (5 May 1890-1957)