Yahoo to spin off Small Business unit with Alibaba stake

http://ift.tt/eA8V8J [Reuters] - 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.



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