Yahoo has decided against the spinoff of Alibaba after shareholders expressed concern about the tax implications. The company will instead explore a reverse spin, which involves transferring all assets and liabilities except the Alibaba stake into a new company. L2 Chairman and Founder Scott Galloway says the board is infected with “a severe dose of common sense” as they realize Yahoo would be worth close to nothing without its stake in Alibaba. See full video here.
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