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Starboard urges Yahoo to ditch Alibaba spinoff

Nov. 19, 2015 1:56 AM ETAltaba, Inc. (AABA)AABA, BABABy: Yoel Minkoff, SA News Editor30 Comments
  • Activist investor Starboard Value is putting new pressure on Yahoo (YHOO), calling on the company to halt the more than $20B spinoff of its stake in Alibaba (NYSE:BABA) and instead sell its beleaguered Internet business, WSJ reports.
  • The change in Starboard's position follows the federal government's decision not to rule on whether the Alibaba spinoff would incur billions of dollars in taxes, a move the investor now feels "carries too much risk."

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