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Spin off Office 365 Account?

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Greetings.

We have a sub department that will be spinning off as their own company.  Currently, their email is hosted as part of the main companies Office 365 account.

All of the sub-companies user accounts are part of a separate domain name within Office 365.

Is there a straightforward way to split off their domain (and user accounts, and email) to it's own billing and management account?  So far we're not getting far with Office technical or account support.


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