Tag Archives: Yahoo Spinoff Alibaba Stake

Yahoo Plunges In Last Minute Trade On Word That IRS Will Review Spinoffs

In the last minute or so of trading today, Yahoo (YHOO) dropped 7.5% on huge volume. At the same time Alibaba (BABA) spiked. Readers will recall that Yahoo is spinning off its stake in Alibaba together with its small business unit. The move is expected to save billions of dollars in taxes. Though scant information is available, Twitter… Read More »

Yahoo Sings- Alibaba And The $40 Billion Spin

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 »