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"hive off" is an idiomatic phrase used in written English
It means to transfer part of something to a new organization or owner. Example sentence: Our company decided to hive off a few key assets to a new subsidiary.
Dictionary
hive off
verb
To separate from a larger group.
synonyms
Exact(60)
But the new managers could also hive off some peripheral assets.
The only real answer is to hive off the incumbent's network.
Many investors speculate that Time Warner may hive off parts of itself.
It ended up being true as students' parents hive off nearly half of their salaries to pay for higher education.
With the split, the food maker will hive off its North American grocery business from the global snacks group.
The industry's giants will not be broken up, forced to shrink or made to hive off their investment banks.
They also have less incentive to hive off loans, because their capital is guaranteed by the state.
It has forced ENI, a partially state-owned energy group, to hive off the gas network it controls.
A new company, Shelfco, was set up, to hive off the prospective long-haul Monarch and its costly Boeing orders.
The objective should be to hive off the elements ill served by a sham regime and collapsed economy.
He hoped to hive off the Standard and buy it himself, but was unable to afford it.
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CEO of Professional Science Editing for Scientists @ prosciediting.com