Yahoo Stores Spinoff Cancelled

The previously reported spinoff of Yahoo's small business unit, which includes Yahoo Stores, has now been cancelled, reports EcommerceBytes.

EcommerceBytes editor Ina Steiner wrote, "Yahoo's board has suspended the spinoff of its Small Business unit (YSB) that includes Yahoo Stores and web-hosting services. Instead, Yahoo's board is exploring a 'reverse spin' that could take a year or more to complete, according to the company."

A spokesperson for Aabaco Small Business told EcommerceBytes, "For the time being, our organization will continue to be part of Yahoo, and our name will remain Aabaco Small Business. The Aabaco Small Business team remains focused on shipping exceptional products and delivering great value to our customers, especially during this busy holiday season."

Source: EcommerceBytes

Tagged: Supplier News
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