Max Reale

Yahoo! Inc. (NASDAQ: YHOO) said Wednesday in a press release that its board of directors have unanimously "decided to suspend work" on the proposed spinoff of its $31 billion Alibaba Group Holding Ltd (NYSE: BABA) stake. Change Of Plans Instead, Yahoo will be spinning off its core assets,...

Media publications reported on Wednesday that Yahoo! Inc. (NASDAQ: YHOO)'s board of directors will convene to discuss a potential sale of the company's core Internet business. Given Yahoo's $30 billion ownership stake in Alibaba Group Holding Ltd (NYSE: BABA), some investors speculated that...

In a report published Wednesday, Capstone analyst Max Reale commented that the U.S. Department of the Treasury and the U.S. Internal Revenue Service are unlikely to approve and could take action to block Yahoo! Inc. (NASDAQ: YHOO)'s proposed tax-free spinoff of its stake in Alibaba Group Holding...