Definitions for "Divest"
To unclothe; to strip, as of clothes, arms, or equipage; -- opposed to invest.
Fig.: To strip; to deprive; to dispossess; as, to divest one of his rights or privileges; to divest one's self of prejudices, passions, etc.
take away possessions from someone; "The Nazis stripped the Jews of all their assets"
See Devest.
To sell off.
to sell assets or subsidiary companies.
A strategy based on the Boston Matrix. Here the company can divest the SBU by phasing it out or selling it - in order to use the resources elsewhere (e.g. investing in the more promising "question marks").