IPA: /əˈkwaɪəˌriː/
KK: /əˈkwaɪəˌri/
A person or company that is being bought or taken over by another company.
The acquiree was a small tech startup that attracted the attention of several larger firms.
Acquiree is formed from "acquire" (from Latin "acquirere", meaning to obtain or gain) and the suffix "-ee" (meaning a person who receives or is affected by an action). The word "acquiree" refers to a person who is acquired or received, particularly in a business context.
Think of someone who is 'gaining' something ('acquire') and the '-ee' indicating that this person is the one receiving it. An acquiree is someone who is being obtained.