Yahoo Creates Tax-Free Spinoff To Inherit Stake In China's AlibabaYahoo CEO Marissa Meyer is spinning off the company's prized stake in China's Alibaba Group--a move that will avoid paying billions in future taxes.
Daimler AG Sells 4-Percent Stake In Tesla For $780-Million; Shares FallDaimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million.
Yahoo To Sell Half Its Alibaba Stake For $7.1 BillionStruggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.
Sunnyvale Based Yahoo Nearing Deal To Sell Stake In AlibabaThe two companies have been in talks for more than a year.