Yahoo Inc (YHOO.O) will not move forward with a spin-off of its stake in Alibaba Group Holding Ltd (BABA.N), CNBC reported on Tuesday, citing sources.

Yahoo will examine a spin-off of its core business and is expected to announce the move on Wednesday, CNBC added.

Yahoo couldn’t immediately be reached for comment.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Maju Samuel)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲