Yahoo's Alibaba conundrum

selling yahoo

Yahoo's board reversed course on its big decision this year -- selling its 15% interest in Alibaba.

Rather than spin off its $30 billion stake, Yahoo said it will consider breaking off its core Internet business into a separate publicly traded company instead.

But the end result essentially will be the same as the original plan: Yahoo will break away from Alibaba.

Investors aren't pleased. Yahoo's shares are down 34% this year.

First published December 17, 2015: 12:53 PM ET

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