Yahoo said it would use its Yahoo Small Business unit as the “active trade business” needed to create the public company in which it is spinning off its 384 million shares of China’s Alibaba Group. The newly formed SpinCo will come into being at the end of the year if all goes right, allowing Yahoo to give shareholders a big break on taxes. While the company said in a posting that all will continue as usual at YSB in the move, it’s pretty much become the sacrifice play of this transaction.
This article originally appeared on Recode.net.
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