divestiture

In deal-speak, a divestiture is when a company unloads a division. In fact, there are a variety approaches. For example, one common method is to sell the division for cash to another company. This happened recently with Zimbra, which Yahoo! (YHOO) sold to VMware (VMW).

In order to resolve an antitrust dispute, Whole Foods Market (NASDAQ: WFMI) announced that it will sell the leases and assets of 31 operating and non-operating Wild Oats stores that it acquired in 2007. In return, the Federal Trade Commission has agreed to drop its opposition to the merger of the...