Daffodil International University
Entrepreneurship => Startup => Topic started by: sadekur738 on August 08, 2017, 07:07:53 PM
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In September, Alibaba went public. Investors in Yahoo expected Alibaba's public value to send Yahoo’s stock soaring. But after Alibaba's debut, Yahoo's stock crashed.
Months later, Yahoo unveiled a plan to spin off its remaining 15% stake in Alibaba, tax-free, into a public, independent investment company called SpinCo. Yahoo shareholders would receive shares "distributed pro rata," which means they'd own shares in two companies.