It's that way with Yahoo, whose board of directors on Wednesday scrapped plans to spin off Alibaba — the company cash cow — and create a new company. Instead, Yahoo will spin off its core business into a new company.
"In 2016, we will tighten our focus and prioritize investments to drive profitability and long-term growth," said CEO Marissa Mayer in a statement. "A separation from our Alibaba stake, via the reverse spin, will provide more transparency into the value of Yahoo's business."
08:36 Tech companies move to target terrorist propaganda online9
03:17 Yankees Have Their Limits in Pursuing a Closer, Brian Cashman Says11
22:49 Amazon Moves to Cut Checkout Line, Promoting a Grab-and-Go Experience11
00:27 Trump warns of ‘retribution’ if companies move jobs out of U.S13