Yahoo to Keep Alibaba Stake but Spin Off Core Businesses

Posted Wednesday, December 9, 2015 7:52 am

Vindu Goel | New York Times

Yahoo said on Wednesday that it had dropped a plan to spin off its $31 billion stake in Alibaba, the Chinese e-commerce company. Instead, the company will spin off all of its other assets, including its stake in Yahoo Japan, into a new company.

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Yahoo to Keep Alibaba Stake but Spin Off Core Businesses

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