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divestiture
[ dih-ves-ti-cher, -choor, dahy- ]
divestiture
- The act of a corporation or conglomerate in getting rid of a subsidiary company or division. In a tactic to pressure South Africa to end apartheid , during the 1980s many Americans and Europeans urged divestiture on corporations doing business in South Africa.
Word History and Origins
Origin of divestiture1
Example Sentences
“The divestiture of Chrome is feasible from a technical perspective,” said Mickens, a computer science professor at Harvard University.
"They have a long road before any consideration of divestiture of Instagram or sApp is considered."
For example, the government is no longer seeking the mandatory divestiture of Google’s AI investments.
“But Congress has determined that divestiture is necessary to address its well-supported national security concerns regarding TikTok’s data collection practices and relationship with a foreign adversary.”
One provision of the law allows the president to give TikTok a 90-day extension if it is determined there has been “significant progress” toward arranging a “qualified divestiture” from its foreign owners.
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