Definition of spin something off in English:
(Of a parent company) turn a subsidiary into a new and separate company.
- 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.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Spain
Most popular in Malaysia