Yahoo to Pursue Alibaba Stake Spinoff Without IRS Ruling
September 28 2015 - 6:02PM
Dow Jones News
By Josh Beckerman
Yahoo Inc. will continue pursuing a spinoff plan for its Alibaba
Group Holding Ltd. shares.
The company said in a filing Monday that its board determined
last Wednesday to pursue the plan.
Earlier this month, after the federal government dealt a setback
to Yahoo's plan for a tax-free spinoff, Yahoo General Counsel Ron
Bell said the company would consider its options, including
proceeding with the move.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 28, 2015 17:47 ET (21:47 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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