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Yahoo's Spinoff Has Strong Business Purposes

|Includes: Altaba, Inc. (AABA), BABA

https://www.dropbox.com/s/xz4ree2j461ml5k/07282015%20--%20Yahoo%27s%20Spinoff%20Has%20Strong%20Business%20Purposes.pdf?dl=0

Disclosure: I am/we are long YHOO.

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