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Old 07-18-2015, 05:43 PM
Daljeet Daljeet is offline
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Default Yahoo spinning off Alibaba stake to 'Aabaco Holdings'

Yahoo has formally notified US regulators that it is spinning off its stake in Chinese e-commerce giant Alibaba to an independent new company called Aabaco Holdings.Aabaco will wind up owning approximately 384 million shares of Alibaba Group, representing an interest of about 15%, according to a filing with the US Securities and Exchange Commission.

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