From Longman Dictionary of Contemporary Englishdiversifydi‧ver‧si‧fy /daɪˈvɜːsɪfaɪ $ dəˈvɜːr-, daɪ-/ ●○○ AWL verb (diversified, diversifying, diversifies) 1 [intransitive, transitive]BBPE if a business, company, country etc diversifies, it increases the range of goods or services it producesdiversify (away) from farmers forced to diversify away from their core businessdiversify into The company is planning to diversify into other mining activities. We need to diversify the economy.2 [intransitive, transitive]VARIOUS/OF DIFFERENT KINDS to change something or to make it change so that there is more variety User requirements have diversified over the years.3 [intransitive] technical to put money into several different types of investment instead of only one or twodiversify into Spread the risk by diversifying into dollar bonds. —diversification /daɪˌvɜːsɪfɪˈkeɪʃən $ dəˌvɜːr-, daɪ-/ noun [uncountable] diversification of the rural economy→ See Verb table
Examples from the Corpus
diversify• His company was not afraid to diversify.• There are several reasons for diversifying.• Why has language diversified from its ancient origins into more than 5,000 mutually unintelligible varieties?• I believe we have a diversified government, a coalition or transition at this moment.• We started out making cash registers, but have diversified into computer systems of all sorts.• Most survived, changing the way they farmed and diversifying into new areas such as wine.• Spreckels manufactures and distributes a diversified line of materials for lifting and positioning products.• This is the rough distinction between non-media conglomerates with a media side-interest and, in contrast, media conglomerates that diversified outwards.• As a singer, she began to diversify, performing songs in many languages.• Most financial planners recommend that investors diversify their assets.• The company is diversifying to find new sources of income.diversify into• In recent years Western Union has diversified into other communications businesses.From Longman Business Dictionarydiversifydi‧ver‧si‧fy /daɪˈvɜːsəfaɪdəˈvɜːr-, daɪ-/ verb (past tense and past participle diversified) [intransitive]1COMMERCEif a company or economy diversifies, it increases the range of goods or services it producesdiversify intoSingapore has diversified into a wider range of industries.diversify fromThe UK Department of Energy is urging farmers to diversify from traditional crops and consider using land to grow wood for fuel.2to start to put your money into different types of investments in addition to the investments you already haveDepositors in the eurocurrency markets sought to diversify into dollar bonds. —diversification noun [countable, uncountable]The company intends school software to be a major new area of diversification for their business.a policy of gradual economic diversification away from fishingFinancial deregulation in Japan has led to increasing international diversification of investment portfolios.The record company’s diversifications into sports clothing and perfumes has resulted in increased profitibility.→ See Verb table 