(Of a parent company) turn a subsidiary into a new and separate company.
More example sentences
- The companies began as subsidiaries of Cabletron, with the plan to eventually spin them off as separate public companies.
- If the dismal finances persist, some carriers may try to unlock the value of their miles programs by spinning them off as separate publicly traded companies.
- The bankers told us it was a fantastic opportunity to create a separate entity, spin it off, and make lots of money.