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Yahoo

World news about “Yahoo” published by euronews.

09/12 18:27 CET

Yahoo! shelves plans to spin off stake in Alibaba

Yahoo! shelves plans to spin off stake in Alibaba

Yahoo! says it has shelved plans to spin off its stake in Chinese e-commerce giant Alibaba, for tax reasons. Instead it intends to create a separate company to hold the rest of its assets. The plan adds another layer of uncertainty to Chief Executive Marissa Mayer’s…