Chairman and CEO have denied any plan for selling Yahoo. Their plan is to get a tax free separation of its core business from Alibaba. This reverse spin off acc

Chairman and CEO have denied any plan for selling Yahoo. Their plan is to get a tax free separation of its core business from Alibaba. This reverse spin off according to them most likely to get the tax benefit. The other way - forward spin off too would have been tax free but that would have taken multiple years while this would only take 1.