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Yahoo to go ahead with Alibaba stake spin-off despite tax question

California-based Internet pioneer expects the deal to be completed in Q4 2015

San Francisco

YAHOO notified US regulators that it is proceeding with plans to spin off its multibillion-dollar stake in Chinese e-commerce giant Alibaba despite the unanswered question of what the tax bill could be.

Yahoo's board of directors has authorised the company to pursue

sentifi.com

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