Yahoo changes direction, spins off everything except Alibaba

Yahoo announced today that it has abandoned a plan to spin off its $31 billion stake in Alibaba, a popular Chinese e-commerce company, and would instead spin off all of its other assets into a new company. The move is called a reverse spinoff.
The company said in a statement that concerns over a massive tax liability connected to an Alibaba spinoff forced them to nix that idea.
"Informed by our intimate familiarity with Yahoo's unique circumstances, the board remains committed to accomplishing