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English definition of “spin sth off”

spin sth off

(UK also spin sth out) phrasal verb with spin
 
 
/spɪn/ verb (spinning, spun, spun, UK also span)
COMMERCE, MARKETING, MANAGEMENT to separate part of a company so that it becomes an independent business: The company plans to spin off its shipbuilding unit by the end of the year.spin sth off from/of sth Schacht was the company's first CEO when it was spun off from AT&T. CSR was spun out of Cambridge Consultants.spin sth off into sth Management's solution was to spin off five of their brands into five companies. → See also spin-off
(Definition of spin sth off from the Cambridge Business English Dictionary © Cambridge University Press)
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