Yahoo moves to spin off its web business to isolate its Alibaba stake
by from Techreport on (#X581)
Yahoo, once a household name around the Internet, may soon split in two-but not in the way it once planned. The firm is now working to spin off its core businesses into a new company in order to separate itself from its high-value stake in Alibaba.
Yahoo previously planned to spin off its portion of the Chinese e-tailer earlier this year. The company believed this spin-off would be tax-free, but the conditions for that deal have changed unfavorably since then. ...