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Yahoo Nixes Alibaba Spinoff Plan Amid Activist Pressure

By Chelsea Naso ( December 9, 2015, 7:48 AM EST) -- Yahoo called off plans to spin off its roughly $32 billion stake in Internet and e-commerce giant Alibaba on Wednesday, a move that comes amid pressure from activist investor Starboard to explore a sale of its core business instead in light of tax concerns. . . .

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