There are still a lot of tax questions. Some explanation: http://online.barrons.com/news/articles/SB52133021052493823286804580158543175937742 http://online.bar

There are still a lot of tax questions. Some explanation: http://online.barrons.com/news/articles/SB52133021052493823286804580158543175937742 http://online.barrons.com/news/articles/SB521330210524938232... > Investors now value Yahoo on a sum-of-the-parts basis. The core business could be worth $8 a share and its cash and Yahoo! Japan stake could be worth another $8 a share (assuming a full tax bite on the sale of Yahoo Japan). The 140 million shares of Alibaba to be sold in the IPO should net after taxes around $6 billion, or $6 a share. That totals about $22 a share. > So, Yahoo's share price direction probably hinges on the value of the remaining Alibaba stake—based on the Alibaba share price—and the tax treatment of the likely sale or disposition of that stock. > Bulls argue that Yahoo's shares could trade into the $50 range if Alibaba appreciates sharply after the IPO and Yahoo can find a way to get its remaining stake to holders in a tax-efficient way. This also suggests that Yahoo shares could find support around current levels given the value of that Alibaba stake.