divest

Definition

To sell off. Often referred to in the context of a company selling off divisions that are either a poor fit within the overall corporate strategy, or showing poor financial performance.

Use divest in a sentence

We decided to divest our interests as better investment opportunities were available so we would explore those and make a decision.

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After digital cameras hit the market, my company decided to divest itself of its traditional film camera division and got out of that industry.

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We had recently made the decision to divest those divisions providing minimal contributions to overall revenue and to concentrate our efforts within our core businesses.

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