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

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(END) Dow Jones Newswires

September 28, 2015 17:55 ET (21:55 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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