Yahoo Says Alibaba Spinoff Still On Despite IRS Comments
By Ama Sarfo ( May 20, 2015, 1:38 PM EDT) -- California-based Yahoo Inc. said on Wednesday it still plans to spin off its $40 billion stake in Alibaba Group Holding Ltd. in a tax-free transaction despite reports that the Internal Revenue Service is rethinking how it issues private letter rulings in spinoffs....
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