Wednesday, December 9, 2015

Yahoo Keeping Alibaba Stake, Spinning Off Core Businesses

Yahoo has buckled under mounting pressure from its investors, and
company said it has shelved plans to spin off its 30 billion dollar
stake in Alibaba. The backflip is seen as a defeat for Chief Executive
Officer Marissa Mayer, who was brought aboard in 2012 to revitalize
the once-dominant Internet brand.

Patrice Howard reports from New York.

IN: Yahoo
OUT: SOC
DUR: 38 sec

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