Tuesday, 28 September 2021

Yahoo cans Alibaba spin-off on tax risk

By Mary Lennighan, Total Telecom
Wednesday 09 December 15

Internet company is working on reverse spin plan that will still see its core business separated from Alibaba.

Yahoo on Wednesday cancelled plans to spin off its remaining stake in Alibaba due to market perception that the move could bring a sizeable tax bill, and said it is working on separating out its core assets instead. "The board will now evaluate alternative transaction structures to separate the Alibaba stake…

Yahoo on Wednesday cancelled plans to spin off its remaining stake in Alibaba due to market perception that the move could bring a sizeable tax bill, and said it is working on separating out its core assets instead. "The board will now evaluate alternative transaction structures to separate the Alibaba stake…

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