Much ink was spilled, on these pages and countless others, discussing Yahoo’s plan to spinoff its stakes in Alibaba(BABA) and Yahoo! Japan as an independent company. For much of 2015, the company planned to spin off this stake, together with a Yahoo’s small business unit as Aabaco Holdings. The small business unit was included to maintain the tax… Read More »
For the past month, Yahoo (YHOO) has been awash with uncertainty over saber rattling by the IRS that calls the tax-free nature of the spinoff of its Alibaba(BABA) stake into question. Last week, Marissa Mayer downplayed concerns. This week, Yahoo General Counsel Ron Bell tried to do the same. Yahoo! Inc. is working with tax officials to complete… 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 »