Definition of spinoff in English English dictionary
Form of corporate divestiture that results in a subsidiary or division becomes an independent company Shareholders of the parent company receive shares in the new company on a pro rata basis, and new investors also may purchase shares in the new company in an offering associated with the spinoff A recent example of a prominent spinoff was the creation of Lucent Technologies from a division of AT&T
A company can create an independent company from an existing part of the company by selling or distributing new shares in the so-called spinoff
{i} byproduct, offshoot; TV program or series based on a previous one; process of making a subsidiary an independent company (usually shares of the new firm are given to shareholders of the parent firm)
A form of corporate divestiture that results in a subsidiary or division becoming an independent company In a traditional spinoff, shares of the new company are distributed to the parent corporation's shareholders Spinoffs can also be accomplished through a leveraged buyout by the subsidiary's or division's management BACK TO TOP
A unit or division of a company that is "spun off" (i e , given complete independence to operate as its own for-profit company ) The spin-off company's stock may be publicly traded, and the parent company usually owns a percentage of the stock (Process)
Companies that take an existing internal operation within the parent company structure and allow it to stand on its own The parent company may offer IPO shares in the market to new investors as a means of enhancing shareholder value for those that own shares in the parent company