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.


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