Yahoo may spin off core business into new company

Posted online December 9, 2015 | 12:38 pm

Yahoo is abandoning its plan to spin off its Alibaba stake into a separate company to instead potentially separate its core business.

The company is weighing whether to spin off its advertising, search technology, Yahoo Sports and the Tumblr blogging platform into a new company.

Investors had worried that spinning off the Alibaba stake, which is worth more than $30 billion, could bring about a substantial tax bill.

Read more from USA Today.

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