Wednesday, December 9, 2015

Yahoo abandons plans to spinoff US$31B Alibaba stake

Yahoo will now consider selling its core business as an alternative to the spinoff, including its search and display advertising services Yahoo has thrown out plans to spinoff their share in Alibaba, worth about US$31 billion. Shares in the California-based company have jumped over 2.7 per cent in after-hours trading following the announcement. It’s the...
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