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spin sth off

(COMPANY) mainly US phrasal verb with spin
 
 
/spɪn/ verb (present participle spinning, past tense spun, past participle UK also span)

Definition

to form a separate company from part of an existing company: The company is trying to spin off part of its business.Mergers and takeoversStarting, succeeding and failing in business
(Definition of spin sth off (COMPANY) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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