Meaning of “hive sth off” in the English Dictionary

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"hive sth off" in British English

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(Definition of “hive sth off” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"hive sth off" in Business English

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hive sth off

phrasal verb with hive uk /haɪv/ us verb [ T ] UK

to separate one part of a company from the rest of the company, usually by selling it:

It would be a mistake to hive the division off to a competitor.

(Definition of “hive sth off” from the Cambridge Business English Dictionary © Cambridge University Press)