Yahoo’s Troubled Aabaco Holdings Spinoff Of Alibaba Stake May Face New Delay
It’s been a rough road for Yahoo(YHOO)’s planned spinoff of its Alibaba(BABA) stake into Aabaco Holdings. After months of sniping with the IRS, culminating with the agency’s refusal to issue a private letter ruling, the company decided to move ahead anyway without the ruling and rely instead on the opinion of counsel. The company backed a Q4 date… Read More »