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AABA Altaba Inc

19.64
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Altaba Inc NASDAQ:AABA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 19.64 19.12 19.61 0 01:00:00

Yahoo to Pursue Alibaba Stake Spinoff Without IRS Ruling

28/09/2015 11:10pm

Dow Jones News


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Yahoo Inc. will continue pursuing a spinoff plan for its Alibaba Group Holding Ltd. shares.

The company said in a filing Monday that its board determined last Wednesday to pursue the plan.

Earlier this month, after the federal government dealt a setback to Yahoo's plan for a tax-free spinoff, Yahoo General Counsel Ron Bell said the company would consider its options, including proceeding with the move.

Write to Josh Beckerman at josh.beckerman@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

September 28, 2015 17:55 ET (21:55 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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