horizontal divestiture

English

Noun

horizontal divestiture (countable and uncountable, plural horizontal divestitures)

  1. (business) The sale or disposal of a business unit or assets to a competing company that operates at the same level of the supply chain.
    • 1982, Yale Brozen, George Bittlingmayer, Concentration, Mergers, and Public Policy, page 402:
      No horizontal divestitures were required. The antitrust case itself seems to have slowed technological progress, and it did nothing to make the market any more competitive than it already was in the static sense.
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