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Date Submitted: 12/09/2015 01:49 PM
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)
220
SHARES
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...