Yahoo Files To Spin Off Its Alibaba Stake As “Aabaco Holdings”

00:05 18.07.2015
Yahoo is moving forward with plans to spin off its Alibaba assets, as outlined in a new filing with the Securities and Exchange Commission. The spinoff will be a public company called Aabaco Holdings. It will own 384 million shares of Alibaba, which is about 15 percent of the total. It will also own “a newly formed entity which will own Yahoo Small Business.” Yahoo first announced… Read More...
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