Deals
Yahoo’s Small Business Unit to Be Part of Alibaba Stake Spinoff
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Yahoo! Inc. has identified the operations it will carve out and add to the spinoff of its stake in Alibaba Group Holding Ltd.: Yahoo Small Business, an online service for setting up and running small enterprises.
The unit is being included as part of a tax-free plan to maximize returns. Yahoo is bundling the small business unit and 384 million shares of Alibaba, valued at $34.8 billion, into shares of a newly registered entity called SpinCo that will be distributed to existing Yahoo shareholders.