Yahoo Announces It Will Spin Out Main Business Rather Than Alibaba Assets

by Greg Sterling
In a reversal Yahoo announced this morning that it will abandon its planned spinoff of its remaining Alibaba shares and instead do a “reverse spinoff” of the rest of Yahoo. The reason the Alibaba spinoff was scrapped was uncertainty over tax liability. Originally Yahoo thought the Aabaco (Alibaba + Yahoo Small Business) spinoff would have limited or zero tax implications for the company.Read the full article