www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Yahoo to spin off Alibaba stake despite no US tax ruling

(Agencies) Updated: 2015-09-29 11:18

Yahoo to spin off Alibaba stake despite no US tax ruling
Yahoo Inc said on Monday it would proceed with the planned spinoff of its stake in Alibaba Group Holding Ltd. [Photo/IC]
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.

The spin-off will remain subject to certain other conditions including the receipt of a legal opinion on the tax-free treatment of the deal under US federal tax laws, Yahoo said in a regulatory filing.

Based on Alibaba's Monday close of $59.24, Yahoo's 384 million shares of Alibaba are worth $22.75 billion.

The value of the stake is slightly less than Yahoo's market capitalization of about $25.98 billion based on 941 million shares outstanding on July 31 and Monday's close.

Many analysts say Yahoo's core business is worth close to nothing without its Asian assets.

As of Monday's close, Yahoo's shares have declined a little more than 45 percent this year. Alibaba's shares have fallen nearly 45 percent over the same period.

Investors have closely followed plans for the spinoff, seeing it as a way to unlock value from the company.

Yahoo paid $1 billion in 2005 for a 40 percent stake in Alibaba, in a deal credited to the US company's co-founder Jerry Yang.

Yahoo, which expects to complete the deal in the forth quarter ending Dec. 31, has been trying to revive its core online advertising business by spending more to get users on its websites.

Analysts and shareholders believe the company and its stake in Alibaba would be worth more separately, as long as the spinoff is not subject to tax incurred from selling the shares.

 

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 最新99国产成人精品视频免费 | 久久久精品视频免费观看 | 美女视频黄a | 高清国产一区二区三区 | 国产97在线视频 | japanese日本舒服丰满 | 日韩欧美亚洲中字幕在线播放 | 久久国产一区二区三区 | 国产年成美女网站视频免费看 | v欧美精品v日本精品 | 精品国产一区二区三区2021 | 国产精品亲子乱子伦xxxx裸 | 国产大尺度福利视频在线观看 | 欧美 另类 精品一区视频 | 国产精品一区二区在线观看 | 日本一级毛片视频无遮挡免费 | 2022久久免费精品国产72精品 | 免费人成网站免费看视频 | www国产精品 | 国产成人久久 | 精品午夜久久网成年网 | 在线视频一区二区三区四区 | 成人午夜在线观看国产 | 国产人成午夜免费噼啪视频 | 亚洲国产精品久久 | 精品一区二区在线欧美日韩 | 久久93精品国产91久久综合 | 九九草在线观看 | 免费观看的毛片手机视频 | 欧美一区二区三区不卡免费 | 免费国产成人高清无线看软件 | 一级a俄罗斯毛片免费 | 免费一级毛片在级播放 | 欧美巨乳在线观看 | re久久 | 欧美成成人免费 | 亚洲成a人在线播放www | 成年人视频在线免费看 | 日本人成在线视频免费播放 | 538在线视频二三区视视频 | 99久久精品费精品国产一区二 |