Yahoo CEO Marissa Meyer is spinning off the company's prized stake in China's Alibaba Group Holding in a move that will let Yahoo avoid paying billions in future taxes. A newly formed entity called SpinCo will inherit ownership of Yahoo's 384 million Alibaba shares when the tax-free spin-off is completed toward the end of this year. The stock of the new company will be distributed pro rata to Yahoo shareholders, resulting in SpinCo becoming a separate publicly traded company. A newly formed entity called SpinCo will inherit ownership of Yahoo's 384 million Alibaba shares when the tax-free spin-off is completed toward the end of this year.
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Newly formed  SpinCo will inherit ownership of Yahoo's 384 million shares
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Yahoo said its profit in the fourth quarter fell 52 percent from a year ago
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