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Definition of 'Unbundling'
The process of taking over a large company with several different lines of business, and then, while retaining the core business, selling off the subsidiaries to help fund the takeover.
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Investopedia explains 'Unbundling'
In other words, unbundling occurs when a company purchases another for its most valuable divisions (its crown jewels) with little desire for the other aspects of the business.
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Search results for 'Unbundling'
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http://www.investopedia.com/articles/pf/08/variable-insurance.asp
... 4. Pick What You Want Finally, many carriers are further simplifying their contracts
by unbundling all of the various features available and offering them ...
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