Yahoo to spin off core business into new company

Yahoo on Wednesday confirmed that it is abandoning its plan to spin off its Alibaba stake into a separate company and will instead potentially spin off its core business.

The move comes after growing concerns that proposed spinoff of the Alibaba stake, which is worth more than $30 billion, could bring about a substantial tax bill.

Nathan Bomey, USA TODAY

Full Story: http://www.usatoday.com/story/money/2015/12/09/yahoo-spinoff-alibaba/77027170/