Yahoo is scrapping its original plan to spin off its prized stake in China's Alibaba Group.

Yahoo CEO Marissa Mayer is spinning off the company's prized stake in China's Alibaba Group Holding in a move that will enable Yahoo to avoid paying billions of dollars in future taxes.

NEW YORK (AP) — Yahoo is scrapping its original plan to spin off its prized stake in China's Alibaba Group and will instead break off the rest of its business into a new company. The change of ...

Shares in China's leading e-commerce firm Alibaba.com slid 6 percent on Monday after Microsoft Corp dropped a bid for Yahoo, Alibaba's key investor.