Yahoo files with SEC for Alibaba holdings spinoff

Sunnyvale, Calif. – Yahoo Inc. has initially filed with the Securities and Exchange Commission (SEC) to spin off its remaining holdings in Alibaba Group Holding Ltd. into a new public company called Aabaco Holdings Inc. Yahoo initially announced its plans to spin off its Alibaba stake in January 2015.



Under the spin-off plan, Yahoo intends to distribute all of the outstanding shares of Aabaco Holdings pro rata to its shareholders. Immediately after the spin-off, Aabaco Holdings will own approximately 384 million shares of Alibaba Group, representing an ownership interest of approximately 15% in Alibaba Group, and a 100% ownership interest in a newly- formed entity which will own Yahoo Small Business.



The spin-off is expected to be completed in fourth quarter 2015, subject to final approval by Yahoo's board of directors and other conditions.