Experts from Latham & Watkins share their perspectives on the acqui-hire. Notably, this tactic is used increasingly to ensure that an entire team stays intact at the purchasing firm and can save effort vs individual recruiting efforts.
"When the loosely-used term first became popular, it had a negative connotation and implied that the sellers primarily structured the sale of the (presumably failing) company to save face and avoid shutting the company down. But the term is also used positively to describe a company that has assembled an impressive team — that is, the buyer values the key employees so much that it is willing to acquire the whole company to ensure that the team remains intact," writes experts at the LathamDrive team at Latham & Watkins.
https://www.lathamdrive.com/resources/insights/what-is-an-acqui-hire