Yahoo not to spin off Alibaba stake - CNBC

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Reuters
Last Updated : Dec 09 2015 | 3:42 AM IST

(Reuters) - Yahoo Inc will not move forward with a spin-off of its stake in Alibaba Group Holding Ltd , CNBC reported on Tuesday, citing sources.

Yahoo will examine a spin-off of its core business and is expected to announce the move on Wednesday, CNBC added.

Yahoo couldn't immediately be reached for comment.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Maju Samuel)

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First Published: Dec 09 2015 | 3:25 AM IST

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