Why Yahoo CEO Marissa Mayer Is Keeping $31 Billion Alibaba Stake
December 09, 2015 at 14:40 PM EST
After nearly of week of meetings, Yahoo CEO Marissa Mayer on Wednesday said the company won't move ahead with a spin-off of its Alibaba Group Holding Inc. (NYSE: BABA) stake. A potentially massive tax bill was why Yahoo yanked the Alibaba spin-off. Here's what Yahoo plans to do instead... Tags: (Nasdaq: YHOO) , Alibaba spinoff , Alibaba stake , Marissa Mayer , marissa mayer yahoo , yahoo Alibaba , Yahoo CEO Marissa Mayer , yahoo spinoff , yahoo stock , yahoo stock price , YHOO 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 Why Yahoo CEO Marissa Mayer Is Keeping $31 Billion Alibaba Stake appeared first on Money Morning - We Make Investing Profitable .