SUNNYVALE, Calif., Dec
10 (Bernama-BUSINESS WIRE) -- Yahoo! Inc. (NASDAQ: YHOO)
today announced that its Board of Directors, after careful review and
consideration of how to best drive long-term value for shareholders, has
unanimously decided to suspend work on the pending plan, announced in January
of 2015, to spin off the company’s remaining holdings in Alibaba Group Holding
Limited (NYSE: BABA). The Board will now evaluate alternative transaction
structures to separate the Alibaba stake, focusing specifically on a reverse of
the previously announced spin transaction.
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