Activist investor Starboard Value LP asked Yahoo to drop plans to spin off its stake in Alibaba Group Holdings Ltd (BABA.N) due to tax concerns, and instead urged the company to sell its core search and display advertising businesses.
Starboard Value LP is putting new pressure on Yahoo Inc., calling on the company to halt the spinoff of its stake in Alibaba Group Holding Ltd. and instead sell its beleaguered Internet business.
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