Yahoo Ceo Marissa Mayer Says Alibaba Spinoff Is Still on Track Despite Potential Tax Risks

12/6/2015

Yahoo CEO Marissa Mayer Says Alibaba Spinoff Is Still On Track Despite Potential Tax Risks | TechCrunch

Yahoo CEO Marissa Mayer Says Alibaba Spinoff Is Still On

Track Despite Potential Tax Risks

Posted Jun 16, 2015 by Matthew Lynley (@mattlynley)

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Yahoo CEO Marissa Mayer said at the Bloomberg Tech conference in San Francisco

today that potential changes in the way its Alibaba spinoff could be taxed would not be

an issue as the company continues its proposed spinoff of its Alibaba assets. Yahoo

shares fell sharply in May when there were reports that the IRS could change how it

might tax spinoffs. That would affect Yahoo’s planned spin-off of its Alibaba assets.

“We’re proceeding with our plan as proposed,” she said. “It’s based on an

understanding of a few key things. I can’t presume to speak for the IRS but given our

understanding of that fact pattern, we should proceed with the transaction as planned.”

http://techcrunch.com/2015/06/16/yahoo-ceo-marissa-mayer-says-alibaba-spinoff-is-still-on-track-despite-potential-tax-risks/#.nfezvqm:fjJO

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12/6/2015

Yahoo CEO Marissa Mayer Says Alibaba Spinoff Is Still On Track Despite Potential Tax Risks | TechCrunch

In January, when Yahoo said it planned to spin off its Alibaba assets, the process was

expected to be essentially tax free. Yahoo shares briefly popped 3 percent after she

made the comments at the Bloomberg Tech conference.

Throughout Mayer’s tenure, a significant portion of the excitement around Yahoo

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among shareholders was its large stake in Alibaba, a company worth $215 billion.

Shareholders essentially had been salivating over how the company would handle its

stake in the company, which rapidly became worth tens of billions as Alibaba continued

to grow and eventually went public.

“We’ve also been reassured this isn’t specific to Yahoo,” she said.

Mayer also said the...