Yahoo will keep $31 billion Alibaba stake, spin off other assets

SAN FRANCISCO – Yahoo said Wednesday that it had dropped a plan to spin off its $31 billion stake in Alibaba, the Chinese e-commerce company. Instead, the company will spin off all its other assets, including its stake in Yahoo Japan, into a new company.

The new structure essentially maintains Yahoo’s strategy of separating its valuable Alibaba investment from the rest of the company, which will be focused on Yahoo’s Internet properties.

http://www.startribune.com/yahoo-will-keep-31-billion-alibaba-stake-spin-off-other-assets/361353511/