Noun
The act of stripping, or depriving; the state of being divested; the deprivation, or surrender, of possession of property, rights, etc.
Source: Webster's dictionarythe court found divestiture to be necessary in preventing a monopoly Source: Internet
After Mutual's appeals were rejected by the FCC, RCA filed its own appeal to overturn the divestiture order. Source: Internet
ByteDance filed a petition on Tuesday with the U.S. Court of Appeals for the District of Columbia challenging the Trump administration divestiture order. Source: Internet
Maxar reported a net income of $306 million from revenues of $439 million for the three months ended June 30, figures buoyed by the divestiture of MDA in April. Source: Internet
GE's divestiture of NBC Radio – known as "America's First Network" – in many ways marked the "beginning of the end" of the old era of regulated broadcasting and the ushering in of the new, largely unregulated industry that is present today. Source: Internet
The sale of Petrobras shares is the largest divestiture so far of the 110 billion-real stock portfolio owned by the development bank. Source: Internet