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There is no difference aside from the potential tax liability but the tax liability is potentially huge. We're talking over $9bn. Matt Levine wrote a good piec
by jackgavigan 11y ago
There is no difference aside from the potential tax liability but the tax liability is potentially huge. We're talking over $9bn.
Matt Levine wrote a good piece on this a week ago: http://www.bloombergview.com/articles/2015-12-02/yahoo-is-looking-for-a-new-way-around-alibaba-taxes http://www.bloombergview.com/articles/2015-12-02/yahoo-is-lo...
- ddlatham 11y agoTotally agree that any shift in the tax liability is significant. But people seem to be discussing many other consequences now: Does this mean the end of Yahoo? Is it being acquired? Are they shutting down Flickr or Tumblr? Why would this change make any difference to those questions?
- jackgavigan 11y ago> Why would this change make any difference to those questions? I don't think it does. I think the difference is that Starboard suggested that Yahoo sell its core business - http://www.wsj.com/articles/starboard-urges-yahoo-to-drop-alibaba-spinoff-plan-1447905535 http://www.wsj.com/articles/starboard-urges-yahoo-to-drop-al... - and Verizon's CFO suggested that they might be interested in buying Yahoo Core if it was put up for sale - http://www.bloomberg.com/news/articles/2015-12-07/verizon-would-explore-yahoo-deal-if-it-made-sense-cfo-says http://www.bloomberg.com/news/articles/2015-12-07/verizon-wo...
- ddlatham 11y agoRight, it sounds like you agree with me. But most of the rest of the comments on this article suggest this is a significantly meaningful change.