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Yahoo scraps Alibaba spinoff amid investor pressure

2015-12-09 17:46:57| IT Services - Topix.net

Yahoo Inc. scrapped its long-planned spinoff of shares in Alibaba Group Holding Ltd. amid mounting pressure from investors concerned about the tax risks of the deal. Instead, the Web portal will package all of its other assets into a new publicly traded company, Yahoo said in a statement Wednesday.

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