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Corporate divestiture accomplished through (1) separation of a division or subsidiary from its parent firm to create a new corporate entity by issuing new shares. These shares are distributed to the current stockholders (shareholders) in proportion to their current shareholdings, and may also be sold to the public, or (2) a leveraged buyout by the management of the division or subsidiary.

Use 'spinoff' in a Sentence

The Voice is a singing talent competition that is a spinoff of American Idol which was popularized in 2001 when Kelly Clarkson became the first to win the competition.
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You need to be able to accurately predict how a spinoff will go so that you are prepared to handle whatever comes.
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I did not like the spinoff and I didn't even like the original either, so I wondered why I would watch the spinoff.
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