On Wednesday Yahoo announced that the company will keep its stake in Alibaba and instead focus on a plan to spin off its core business. The result of the potential spin off would be two companies; one composed of Yahoo's 15% stake in Alibaba and the other made up of Yahoo's core business of search, email, Tumblr, and Yahoo websites.
The plan is designed to save shareholders billions in tax payments, however, it could take more than a year to form the two separate entities. Shares of Yahoo tumbled during early market hours Wednesday.
Tech Insider
