Yahoo is backtracking on its plans to spin-off its stake in Chinese ecommerce giant Alibaba, according to CNBC.
The news follows a wrangle between the board and some shareholders in Yahoo with respect to the various holdings the company holds and the fact that the Alibaba shares a worth a great deal more than the “core business”. The below video will shed rather more light on this but in the meantime it reinforce what we knew: Alibaba remains a big ecommerce player and buying a share in it may have historically been Yahoo’s best move.
