Yahoo Stores to Be Spun Off Into New Company
Yahoo's Small Business division, which includes hosted storefront Yahoo Stores, is to be transferred into a new company along with Yahoo's 384 million Alibaba shares.
Yahoo Small Business has been revealed as the "Active Trade Business" mentioned in Yahoo's 2014 earnings announcement, meaning it will move into a new public company along with Yahoo's long-standing holding of Alibaba shares.
Writing on their blog, Head of Yahoo Small Business, Amer Akhtar, said "All of the Yahoo Small Business tools and services that you have come to rely on will remain at your disposal. In fact, we're mapping out additional investments now for our platform and services to ensure the highest level of support for our customers and our partners."
The move is expected to complete in Q4 2015