Alibaba’s Tsai Says Yahoo Stake Rightly Discounted on U.S. Tax

  • Chinese e-commerce giant unlikely to buy rest of Yahoo: Tsai
  • Yahoo’s Alibaba stake ‘trapped in this glass box’ by tax hit

Yahoo! Inc.’s stake in Alibaba Group Holding Ltd. rightly trades at a discount, according to the Chinese e-commerce giant’s vice chairman, Joseph Tsai, because selling it would trigger a big U.S. tax bill.

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