SUNNYVALE, Calif., Dec
10 (Bernama-BUSINESS WIRE) -- Yahoo! Inc.
(NASDAQ: YHOO) today announced that its Board of Directors, after careful
review and consideration of how to best drive long-term value for shareholders,
has unanimously decided to suspend work on the pending plan, announced in
January of 2015, to spin off the company’s remaining holdings in Alibaba Group
Holding Limited (NYSE: BABA). The Board will now evaluate alternative
transaction structures to separate the Alibaba stake, focusing specifically on
a reverse of the previously announced spin transaction.
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