Yahoo Formed Company Alibaba Shares

Posted On 28 Jan 2015
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Tag: yahoo formed company, Yahoo shares create new company

The CEO of Yahoo, Marissa Mayer , create a new company with the precious shareholding that the Internet company Alibaba Group Holding is the leading e-commerce company in China, in a move that seeks to avoid paying millions of dollars in future taxes.

A newly created entity called Spico inherits 384 million shares of Yahoo when the new company is completed later this year. Companies from parent companies have tax advantages.

The anticipated announcement Tuesday about the fate of 15% of shares of Yahoo in Alibaba overshadowed the reporting of results of the company’s internet last quarter of last year.

Read: Yahoo recovers after reap profits with Alibaba.

Yahoo shareholders are more interested in Mayer plans for participation in Alibaba that is currently valued at 39,000 million. This is much more than the same value of Yahoo’s online services, which have been hard to generate more revenue in the past six years.

The immediate reaction to the announcement was positive, with investors taking Yahoo shares up 6 percent in after-hours after the disclosure of the operations plan.

The resolution of the question of Alibaba now the spotlight turns to Mrs. Mayer plans to potencializar the advertising business Internet Yahoo, which has had years of declining revenues of both advertisers and Internet users.

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