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"In light of the fact that following the Closing the Company will operate as an investment company under the Investment Company Act of 1940" - this is why. It
by powera 10y ago
"In light of the fact that following the Closing the Company will operate as an investment company under the Investment Company Act of 1940" - this is why. It will let Verizon save billions of dollars on Alibaba stock if it can get Yahoo out of the way.
http://fortune.com/2016/02/08/verizon-yahoo-alibaba-taxes/ http://fortune.com/2016/02/08/verizon-yahoo-alibaba-taxes/
- harryh 10y agoIt won't let verizon save anything. Verizon is purchasing the operating companies and has nothing to do with the alibaba shares.