Yahoo Will Keep Alibaba Stake, Spin Off Core Business
Yahoo says it won't spin off its $31 billion stake in e-commerce giant Alibaba. Experts say taxes likely influenced the decision.By Ben Lawson | December 9, 2015
Yahoo says it will not be spinning off its $31 billion Alibaba stake, after all. Instead, the company will split its core Internet services business off in to its own entity.
That includes Yahoo Mail and Yahoo News. Collectively, they make up the third-most visited websites but still struggle to make meaningful revenue growth.
Yahoo CEO Marissa Mayer said in a statement the new spin-off plan "will provide more transparency into the value of Yahoo's business." (Video via Fortune)