Re:Co-founder of Neuralink leaves the company
by fastball on Monday May 03, 2021 @11:48AM
(#27026588)
An LBO is a type of hostile takeover. In either case, the motivation from the "aggressor" is not typically "gee I just really want this company to succeed".
In any case, I certainly don't think Musk's relationship with Tesla qualifies.
You may be thinking of a leveraged buyout or LBO.
A hostile takeoever is one where the management of the company are excluded from acquisition talks. The potential acquirer goes over their heads and proposes a deal with the shareholders directly.