corporate spin-off oor Hebreeus

corporate spin-off

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en
A corporate spin-off, also known as a spin-out or a starburst, refers to a type of corporate action where a company "splits off" sections as a separate business.

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en
type of corporate action where a company splits off sections as a separate business
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One of the primary reasons AT&T Corporation chose to spin off its equipment manufacturing business was to permit it to profit from sales to competing telecommunications providers; these customers had previously shown reluctance to purchase from a direct competitor.
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On January 26, 2006, First Data Corporation announced plans to spin Western Union off as an independent, publicly traded company.
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