This word is acceptable for play in the US & UK dictionaries that are being used in the following games:

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v. Third-person singular simple present indicative form of cannibalize.

"Oppenheimer told analysts on a conference call that such declines are to be expected as Apple "cannibalizes" iPod sales by offering similar features, plus access to thousands of third-party applications, in the"

cannibalized    cannibalizes    cannibalizing   

apply    utilise    use    utilize    employ   

cannibalise   

cannibalization    cannibalisation