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Friday, February 13, 2015

Yahoo’s Alibaba spinoff attracts big discount

Yahoo’s Alibaba spinoff attracts big discount:



 It’s to be expected that SpinCo will trade at a discount. For one thing, it will represent only an indirect interest in Alibaba. For another, the new vehicle will still face a tax bill if it ever sells shares in the Chinese firm, so that exposure is only deferred. And of course the spinoff hasn’t happened yet.

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