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Yahoo's Alibaba Spin-Off Plan Dealt a Major Blow by IRS (Nasdaq: YHOO)

Yahoo Inc. (Nasdaq: YHOO) has been planning for a $23 billion Alibaba spin-off, but the company was dealt a major blow by the IRS yesterday. Yahoo officials had planned to spin off 384 million shares of Alibaba Group Holding Inc. (NYSE: BABA) in what would have been a tax-free transaction. Here's why the deal hit a snag... Tags: (Nasdaq: YHOO) , Alibaba spin-off , Alibaba Stock , Alibaba stock price , Alibaba stock price today , Alibaba yahoo , NYSE: BABA , yahoo Alibaba , yahoo spinoff , Yahoo spinoff Alibaba , yahoo stock , yahoo stock price To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Yahoo's Alibaba Spin-Off Plan Dealt a Major Blow by IRS (Nasdaq: YHOO) appeared first on Money Morning - We Make Investing Profitable .
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