Pyrrhic Victory

DEFINITION of 'Pyrrhic Victory'

A victory or success that comes at the expense of great losses or costs. In business, examples of such a victory could be succeeding at a hostile takeover bid or winning a lengthy and expensive lawsuit.


BREAKING DOWN 'Pyrrhic Victory'

In 2001, Microsoft won a Pyrrhic victory in its antitrust case when the Appeals Court decided the software giant was not to be broken up. However, Microsoft was still branded a monopoly and was subject to other punishment.

The expression alludes to the Greek King Pyrrhus who, after defeating the Romans in battle, stated: "If we win another such battle against the Romans, we will be completely lost."

RELATED TERMS
  1. Hostile Bid

    A specific type of takeover bid that is presented directly to ...
  2. Takeover Bid

    A type of corporate action in which an acquiring company makes ...
  3. "Just Say No" Defense

    A strategy used by corporations to discourage hostile takeovers ...
  4. Anti-Takeover Statute

    A set of state regulations that prevent or deter companies from ...
  5. Takeover

    A corporate action where an acquiring company makes a bid for ...
  6. Killer Bees

    An individual or firm that helps a company fend off a takeover ...
Related Articles
  1. Mutual Funds & ETFs

    The Top 5 Victory Funds for Retirement Diversification in 2016

    Discover the top five victory funds for retirement diversification in 2016, with a brief summary and key performance statistics for each fund.
  2. Chart Advisor

    Pfizer Inc

    Pfizer shares experienced a healthy 7.71% gain today as the company announced a patent victory on its biggest selling drug. This stock is technically interesting because it gapped up toward ...
  3. Investing Basics

    What is a Takeover?

    A takeover happens when one company makes a bid to acquire a target company.
  4. Mutual Funds & ETFs

    CDC vs. DLN: Comparing Dividend-Oriented ETFs

    Take a look at an overview and comparison of two dividend-oriented ETFs to learn the respective advantages and disadvantages of each fund.
  5. Fundamental Analysis

    Reverse Takeover

    Learn more about this type of takeover and how companies use it to avoid IPOs.
  6. Options & Futures

    Pinpoint Takeovers First

    Use these seven steps to discover a takeover before the rest of the market catches on.
  7. Stock Analysis

    Can Microsoft Turn Itself Around?

    Once upon a time, Microsoft disrupted the computer space. The company has lost its lead in recent years but has made changes realize its potential.
  8. Fundamental Analysis

    Mergers And Acquisitions: Understanding Takeovers

    In the dramatic world of M&As, battleground terms meld with bizarre metaphors to form the language of the game.
  9. Investing

    Get 100% Upside Potential From The Next Big Takeover Target

    ...
  10. Personal Finance

    Microsoft: By The Numbers

    We take a look back at this company's past and present numbers to see what they can tell us about its future.
RELATED FAQS
  1. How can a company buy back shares to fend off a hostile takeover?

    Learn about why a business might use a stock buyback to thwart a hostile takeover attempt by reducing its total assets and ... Read Answer >>
  2. How can a company resist a hostile takeover?

    Learn about some of the defense strategies a public company's board of directors might employ to prevent a hostile bidder ... Read Answer >>
  3. If a company offers a buyback of its shares, how do I decide whether to accept the ...

    Learn why it may often be in the best interest of a shareholder to accept a tender offer made at a premium to the market ... Read Answer >>
  4. What is the difference between an acquisition and a takeover?

    There is no tangible difference between an acquisition and a takeover; both words can be used interchangeably - the only ... Read Answer >>
  5. What companies have been targeted for anti-trust action in the 21st century?

    Several companies have been targeted for antitrust action in the past decade. These companies range from food service to ... Read Answer >>
  6. Who are Microsoft's (MSFT) main competitors?

    Discover the main competitors of technology giant Microsoft and the stiff competition facing this industry leader. Find out ... Read Answer >>
Hot Definitions
  1. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  2. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  3. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  4. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  5. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
  6. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
Trading Center