Tuesday, July 26, 2016

For Yahoo, Question Is What to Do With $40 Billion in Leftovers - The New York Times

Over time, not much will RemainCo

"Other parts of RemainCo are much easier to deal with. The Yahoo Japan stake isn’t subject to as nearly a contentious tax bill as the Alibaba holdings, though for the moment the rump company will hold on to that stake. (The majority owner of Yahoo Japan, SoftBank, has the right of first refusal if RemainCo decides to sell those shares.)

And Mr. McInerney said that the rump company would return virtually all of the remaining cash and continue to work on selling the patents.

In case investors and analysts did not grasp the message, he added during the call: “We’re not intending to make new investments with the cash out of RemainCo. The intent is to return it.”"
For Yahoo, Question Is What to Do With $40 Billion in Leftovers - The New York Times
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