Yahoo Shelves Plans to Spin Off Alibaba Stake 

Yahoo Inc. said Wednesday that it would shelve its plan to spin off its stake in Alibaba Group Holding Ltd., dealing a blow to Chief Executive Marissa Mayer’s turnaround effort and prolonging the uncertainty of a 20-year-old Internet company fighting for survival. Instead, the board, after several days of meetings, has decided to spin off Yahoo’s businesses other than the Alibaba stake into a new company.

Source: Yahoo Shelves Plans to Spin Off Alibaba Stake – WSJ

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