buy·out 
/ˈbaɪˌaʊt/ noun
plural buy·outs /ˈbaɪˌaʊt/ noun [count] : the act of gaining control of a company by buying the parts of it you do not own
▪ an employee/management buyout = a buyout by the employees/managers of the company — see also buy out at 1buy
▪ an employee/management buyout = a buyout by the employees/managers of the company — see also buy out at 1buy
