Tag Archives: yhoo

Yahoo ‘Under Pressure To Deliver’ Alibaba Tax-Free

Yahoo (YHOO) stock rebounded on Tuesday after the Web portal said it was plowing ahead with the proposed spinoff of its stake in China giant Alibaba (BABA) by the end of the year, despite the risk that the deal might not be tax-free. Yahoo made its announcement in a filing late Monday with the Securities and Exchange Commission. Yahoo was up more than 3% in midday trading in the stock market today , near 28.50, after rising higher in the morning.

Yahoo Rises On IRS Spinoff Comments

Yahoo (YHOO) stock rose Monday after new comments from the Internal Revenue Service appeared to bolster the Web portal’s chances of completing a tax-free spinoff of its 15.5% stake in China e-commerce leader Alibaba (BABA) as planned. Yahoo stock was up 2% in midday trading in the stock market today, near 31. Recent concerns over the Alibaba sale have dragged down Yahoo stock, which touched a 15-year high above 52 in November. Yahoo shares were up

Yahoo And Alibaba: Will The Spinoff Happen?

Yahoo (YHOO) was handed its second price target cut in a week on Thursday as investors weighed in on whether the company can successfully pull off the proposed tax-free spinoff of its stake in China e-commerce conglomerate Alibaba Group (BABA) . FBR analyst William Bird said in an industry research note on Thursday that his valuation assumes a full tax shield on Alibaba. “Yahoo’s 15.5% stake in Alibaba is a key component of (Yahoo’s) valuation,”