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Yahoo reverses its Alibaba spinoff to save on taxes
After a week of debating options that included a possible sale, Yahoo has made a decision about its future... and it's probably not what you expected. The web pioneer is conducting a "reverse spin off" where everything but its Alibaba stake is moving to another company. Supposedly, this lets Yahoo go ahead with its original plan to spin off the Alibaba stake (and thus make investors happy) without the risk of a ton of US taxes. It also provides "more transparency" into how much Yahoo is worth, if you ask company chief Marissa Mayer.
