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Home>Yahoo to Spin Off Remaining Alibaba Stake -- 4th Update

Yahoo to Spin Off Remaining Alibaba Stake -- 4th Update

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Wed, 28 Jan 2015

By Douglas MacMillan Yahoo Inc. unveiled a plan to spin off tax-free its nearly $40 billion of holdings in Alibaba Group Holding Ltd., a move that should give Chief Executive Marissa Mayer more time with shareholders despite continued declines in the Internet portal's core advertising business.
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