Yahoo (YHOO +3.6%) soars as the NYT reports it is considering a deal to sell its holdings of...

|By:, SA News Editor

Yahoo (YHOO +3.6%) soars as the NYT reports it is considering a deal to sell its holdings of Alibaba and its Japanese affiliate back to their owners - a tricky tax-free deal valued at $17B (Yahoo's total market cap is about $20B). Yahoo's board is expected to meet Thursday to discuss the proposal. (previous)