Aquihire

Aquihire definition

What is an Aquihire?

A company that is bought out primarily for the skills and expertise of its staff, rather than for its products or services.

In 2014, Microsoft bought Nokia’s Devices and Services Division for $7.9 billion. This was an aqui-hire for the technology and expertise Nokia had in making phones as Microsoft wanted to make smartphones to compete with Apples i-Phone.

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