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What is a carve-up?

What is a carve-up? Here are some definitions.

Noun
  1. (informal) The act or instance of dishonestly prearranging the result of a competition.
  2. (slang) The distribution of something, as of money or booty.
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Examples
Although it's meant to be a showcase of the best music around, in reality it's a carve-up between the major record companies.
Furthermore, there appears to be little appetite for a company carve-up, right now.
Advertising executives had speculated that the two companies might discuss a carve-up of Aegis, which would be too large for Havas.
The carve-up of Leichhardt Council has been put on hold following a Land and Environment Court ruling.
Trieste simultaneously became Italian and lost its livelihood with the carve-up of the Austro-Hungarian empire it had once serviced.
We do support it, if it is a merger, a partnership, and not a takeover or a carve-up.

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