[New post] Yahoo to spin off Alibaba stake despite no U.S. tax ruling

sskarthik posted: "(Reuters) - Yahoo Inc said on Monday it would proceed with the planned spinoff of its stake in Alibaba Group Holding Ltd even though the IRS has declined to rule on whether the transaction would be tax free. Yahoo's shares rose 4 percent to $28.71 in" Respond to this post by replying above this line New post on SKarthik.info Yahoo to spin off Alibaba stake despite no U.S. tax ruling by sskarthik (Reuters) - Yahoo Inc said on Monday it would proceed with the planned spinoff of its stake in Alibaba Group Holding Ltd even though the IRS has declined to rule on whether the transaction would be tax free. Yahoo's shares rose 4 percent to $28.71 in extended trading. The Web search company said earlier this month the IRS had denied its request for a private letter ruling on whether the spinoff of its stake in the Chinese e-commerce giant would be considered tax free. Read more... sskarthik | September 29, 2015 at 7:46 am | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3mtH Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/29/yahoo-to-spin-off-alibaba-stake-despite-no-u-s-tax-ruling/ Thanks for flying with WordPress.com