Yahoo reportedly rules out Alibaba spinoff

09 December, 2015
Looks like the Yahoo board is more interested in selling the company's core business. According to a report from CNBC, the board has ruled out the other option - spinning off the company's investment in Alibaba, which is currently worth over $30 billion.

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  • 09 Dec 2015

In the fiscal year ending March 31, 2015, the Chinese e-commerce, Alibaba corporation recorded a net income of 24.32 billion yuan. This translates to approximately 3.73 billion U.S. dollars.

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