Yahoo Said to Scrap Alibaba Spinoff, Explore Web-Unit DealBy and
Shift would be admission of defeat for CEO Marissa Mayer
Investors voiced concerns spinoff might not be tax-free
Yahoo! Inc. will scrap the long-planned spinoff of its stake in Alibaba Group Holding Ltd., according to a person with knowledge of the matter, under pressure from investors concerned about the tax risks of the deal.
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