Wondered if anyone saw an opportunity for an investment in YHOO. I have read that rather than spin off the BABA stake they might spin off everything else. I have also heard that this might not avoid taxes. The idea is that what one spins off must be an operating company else it is a taxable event. Thus they cannot just spin-off BABA tax free. Spinning off everything else leaves BABA by itself and since this is not an operating company that strategy will be seen by the feds as a tax dodge. Sounds like a full employment opportunity for lawyers. What I wonder is if a third party buys the non-BABA pieces leaving BABA would these third party deals be seen as tax dodges.
All this notwithstanding would be interested on whether people see YHOO as a buy or sell at some point.
All this notwithstanding would be interested on whether people see YHOO as a buy or sell at some point.
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