Have you ever heard of White Squires in the business world?
By definition, white squires are investors who buy partial shares of a company in order to hamper a hostile takeover. Therefore, the target company doesn't lose its control, and white squires’ investment is just enough to block the binding company. They also offered discounted shares or hefty dividends to make their investment attractive. In brief, a white squire buys time for a company to change the strategy and turn the tide.