You are here
Yahoo announces tax-free spinoff of Alibaba stake worth US$40b
YAHOO is spinning off its stake in Chinese Internet giant Alibaba, splitting off the valuable holdings in a move that sidesteps taxes.
The strategy laid out on Tuesday aims to deliver more cash for shareholders than an outright sale of the US$40-billion stake, avoiding a
CALL +65 6388 3838 EMAIL email@example.com