Yahoo Provides Update on Planned Spin Off of Remaining Stake in Alibaba Group
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Citi Downgrades Yahoo! (YHOO) to Neutral
December 9, 2015 10:54 AM ESTCiti downgraded Yahoo! (NASDAQ: YHOO) from Buy to Neutral.
For an analyst ratings summary and ratings history on Yahoo! click here. For more ratings news on Yahoo! click here.
Shares of Yahoo! closed at $34.85 yesterday.
... MoreYahoo! (YHOO) to Suspend Alibaba (BABA) Asset Spin; Will Evaluate Alternative Transactions
December 9, 2015 7:00 AM ESTYahoo! Inc. (NASDAQ: YHOO) announced that its Board of Directors, after careful review and consideration of how to best drive long-term value for shareholders, has unanimously decided to suspend work on the pending plan, announced in January of 2015, to spin off the companys remaining holdings in Alibaba Group Holding Limited (NYSE: BABA). The Board will now evaluate alternative transaction structures to separate the Alibaba stake, focusing specifically on a reverse of the previously announced spin transaction.
In the reverse spin off, Yahoos assets and... More
