Yahoo Japan, a subsidiary of U.S. Web portal Yahoo (YHOO), is considering an e-commerce partnership with China giant Alibaba Group (BABA) that could start this summer, according to a media report on Friday. The two sides are discussing teaming up to help Japanese firms sell household goods, cosmetics and baby products on Alibaba’s Tmall and Tmall Global sites, according to Bloomberg. The alliance would offer support and lower fees for Japanese
Yahoo (YHOO) stock was up Wednesday after the company responded to a media report on Tuesday by saying a possible Internal Revenue Service rule change would not jeopardize the Web portal’s plan to hold a tax-free spinoff of its shares in China Internet giant Alibaba Group (BABA) . Yahoo was up more than 3.5% in morning trading in the stock market today, near 42.50. Yahoo fell 7.6% Tuesday on a Bloomberg report about comments by a senior technician
Yahoo (YHOO) stock sold off hard just before the closing bell Tuesday after a report that the Internal Revenue Service could change a rule change that might jeopardize the Web portal’s plan to hold a tax-free spinoff of its shares in China Internet giant Alibaba Group. The potential change would affect the IRS’s rules for spinoffs of trades or businesses that are small compared with a company’s other assets, according to a Bloomberg report late