The idea makes a lot of sense, but why can't Yahoo! simply spin off their core business? They ran into troubles spinning out the Alibaba stake, but spinning th

The idea makes a lot of sense, but why can't Yahoo! simply spin off their core business? They ran into troubles spinning out the Alibaba stake, but spinning themselves out would split their valuable Asian assets from their core business, which has an implied negative valuation. Would the IRS frown upon them leaving behind what is effectively a holding company?