Meaning of the word "hive off" in English

What does "hive off" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

hive off

US /haɪv ɔf/

UK /haɪv ɔf/

to separate a part of a company or organization from the main body to form a new, independent company

Example:

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The company decided to hive off its software division.

•

They plan to hive off the unprofitable parts of the business.

Synonym:

spin off carve out de-merge divest

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