Wednesday, December 09, 2015

Yahoo Is Said to End Plan to Spin Off Alibaba Stake - The New York Times

Also see Verizon CEO: Sure, we'd take a look at Yahoo 'because it's so hot' (Business Insider)

"Yahoo will abandon plans to spin off its $31 billion stake in Alibaba, a Chinese e-commerce company, people briefed on the matter said on Tuesday.

Instead, Yahoo will consider other options, including possibly selling its core Internet operations, which would leave its Alibaba stake as its primary asset. The company’s stake in Yahoo Japan may also be spun off, the people said.

An announcement may come as soon as Wednesday."
Yahoo Is Said to End Plan to Spin Off Alibaba Stake - The New York Times
Post a Comment