Janny, in a layman’s language, acquit-hire is to buy out a company primarily for the skills and expertise of its staff to recruit its employees, rather than for its products or services. It’s a popular strategy with tech startups, I mean technology sector. Basically the acquirer is buying the idea that the team is skilled enough to solve similar problems that it wants to solve.
anyway, for your understanding, I’ve attached a YouTube video, you’ll get to know better.