Ron Burgundy Posted September 28, 2015 Share Posted September 28, 2015 (Reuters) - Yahoo Inc said on Monday it would proceed with the planned spinoff of its stake in Alibaba Group Holding Ltd even though the IRS has declined to rule on whether the transaction would be tax free. Yahoo's shares rose 4 percent to $28.71 in extended trading. The Web search company said earlier this month the IRS had denied its request for a private letter ruling on whether the spinoff of its stake in the Chinese e-commerce giant would be considered tax free. View the full article Quote Link to comment Share on other sites More sharing options...
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