Yahoo (YHOO) announced Tuesday that the Internet company would spin off its 15.4% stake in Alibaba, China’s leading e-commerce company, into a separate company. In the process, Yahoo will avoid any taxes on the transaction but will be stripped of its single most valuable asset. The Alibaba stake alone now makes up nearly 85 percent of Yahoo’s market value. The spinoff is expected to be completed in Q4. Source
Spin-Off
