The Traderszone Network

Published in TZ Latest News 3 February, 2015 by The TZ Newswire Staff

Yahoo to spin off Small Business unit with Alibaba stake

Yahoo announced last week about a tax-free spinoff of its 15 percent stake in China’s Alibaba into a newly formed independent registered investment company responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion. Yahoo had then said the new entity would include its 384 million shares in Alibaba as well as an unspecified “legacy, ancillary” Yahoo unit.