When companies decide to sell companies or business units, this is known as a carve out. The reasons for this can be many and varied. Carve outs are strategic initiatives that involve separating a specific business unit, division, or set of assets from a parent company to create a separate entity

Source:
https://avendata.com/blog/carve-out-a-complete-guide-to-definition-types-process-examples-benefits

Carve-out : Definition

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Carve-out : Definition

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