Yahoo About to Spin Off Small-Business Services

Joined
Aug 7, 2013
Messages
751
The move is centered around Yahoo's stake in Alibaba, but also includes moving its small-business services division. Yahoo is frustrating, but its still good to follow moves like this.

Yahoo Files for Alibaba Spinoff, Though Tax Issues Linger

SAN FRANCISCO ? Yahoo filed formal documents late Friday to spin off its 15 percent stake in Alibaba, the Chinese e-commerce giant, in the fourth quarter of this year.
 

CodyBaird

Member
Joined
Jan 4, 2013
Messages
341
Looks like Yahoo is bundling the small business division because it is an actual operating entity which allows them the sell off the 32 billion in alibaba shares while avoiding being taxed. The CEO is waiting for federal approval before finalizing the sale of stock.

Sold off maps division as well right?

I bet the Yahoo campus feels like a big garage sale or the company activity was/is the swap meet.

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