Masayoshi Son’s Softbank (SFTBY) is shaking up its organizational structure, creating two separate, but still wholly owned, internal companies. One business will house its domestic (Japanese) businesses such as mobile and its stake in Yahoo Japan, while the other unit will contain its overseas investments. The overseas bucket will include Softbank’s investments in budding technology companies, such as… Read More »
Yahoo(YHOO) investors may be learning a costly lesson in the dangers of tax efficiency. Under pressure from investors to maximize the value of its Alibaba(BABA) stake, the company unveiled a plan to spin off the stake, with a small business unit, as Aabaco Holdings. The spinoff was intended to avoid paying $12 billion in taxes. For months, however… Read More »
The drama surrounding Yahoo(YHOO)’s proposed spinoff of its Alibaba(BABA) stake continues. Though the company has said it is pushing forward and is optimistic, Barron’s reports that Morgan Stanley feels a 0% probability of the deal is priced in at the current stock price. The sentiment on the stock is now as if they’ll never make the spin happen,… Read More »
Ever since Alibaba’s (BABA) wildly successful IPO, investors have been wondering what Yahoo (YHOO) had in mind for its roughly $40 billion minority stake in the company. A sale would generate a lot of cash for the company, but also bring a monstrous $16 billion tax bill with it such as when the company unloaded shares during the… Read More »