Yahoo to hold off on Alibaba spinoff: report

December 8, 2015 10:36 PM

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Yahoo to hold off on Alibaba spinoff: report

Struggling Web media company Yahoo has decided to forego its spin-off of its $30 billion-plus stake in Chinese e-tailing giant Alibaba, according to a report by CNBC.

As a result of pressure from shareholders, who are concerned about the tax risks of the spin, the company will not move forward with the share sale and instead will look at a spinoff of Yahoo's core business, CNBC's David Faber said Tuesday, citing persons close to the situation. USA TODAY could not...

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