Yahoo Stores Spinoff May Be Delayed Until January
The spinoff plan involves a new company called Aabaco, created primarily to hold Yahoo's 384 million shares in Chinese ecommerce giant Alibaba Group. It will also include Yahoo's Small Business division, apparently to minimize the amount of tax payable by Yahoo. The Small Business division has been rebranded as Luminate.
Wall Street analyst Shyam Patil of Susquehanna (SIG) said, "The spin could be delayed until January (vs. 4Q15 previously) due to SEC processes, final board approvals, compliance with various other requirements, and 4Q holidays."