Discussions among Yahoo! Inc. (NASDAQ: YHOO), Japan’s Softbank, China’s Alibaba Group Holding Ltd. over a possible sale of Yahoo’s 40% stake in the Chinese internet company have broken down. The two companies were trying to reach an agreement on how Yahoo! might divest its ownership stake in Alibaba in a tax-efficient manner.
According to an exclusive report on the WSJ’s All Things Digital blog, Yahoo could end up paying $4 billion US taxes if it sells its stake in Alibaba, which is valued at $17 billion.
Yahoo’s shares are down more than -6%, at $15.09 in a 52-week range of $11.09-$18.84.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
