Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

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.


Reader Comments


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020