BREAKING: Yahoo will not move forward w/ Alibaba spin, will examine spin of core business -sources (via @DavidFaber) https://t.co/b8PSVSMz7y
— CNBC Now (@CNBCnow) December 8, 2015
Above: CNBC's David Faber reported Yahoo (NASDAQ:YHOO) won't spinoff its 384M-share (~15%) of Alibaba (NYSE:BABA) stake, and will now explore a spinoff of its core business. An announcement from Yahoo could come as soon as Wednesday. More here.
$YHOO: 8Dec2015 7:41pm EST, after-hours: 35.80 UP 0.95 (2.73%)
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