Yahoo! announced today it has reached an agreement with Alibaba Group on a staged and comprehensive plan to unlock the Yahoo's investment in Alibaba. The plan, which was announced in a release ...

Marissa Mayer, Yahoo’s chief executive, unveiled a plan to spin off Yahoo’s 15 percent stake in the Chinese e-commerce giant into a separate company in order to avoid a large tax bill.

Yahoo and Alibaba said the negotiations over the Alipay spinoff were underway because neither side looks good in this one. Alipay, China's largest online payment network, is worth billions of dollars.

Holding Aabaco, Yahoo’s proposed Alibaba-share spinoff, is a bet that the e-commerce giant chooses to snap up its shadow sooner rather than later.

Yahoo has agreed to sell back half of its stake in Chinese e-commerce site Alibaba, in a $7.6 billion deal.

Yahoo will earn around $7.1bn (£4.5bn) from the deal, comprised of at least $6.3 billion in cash and up to $800 million in newly-issued Alibaba preferred stock.

Yahoo needs to figure out what to do with its Alibaba holdings and divest them responsibly.

Starboard Value is putting new pressure on Yahoo, calling on the company to halt the spinoff of its stake in Alibaba and instead sell its beleaguered Internet business.