Yahoo Inc. is moving forward with its attempt to spin off the company’s remaining stake in Alibaba Group Holding Ltd. , despite uncertainty about important tax aspects of the deal. Yahoo had sought early approval from the Internal Revenue Service of a tax-free standing for the spinoff, but dropped that effort earlier this month after pushback from the IRS. In a Monday afternoon filing, Yahoo said that it would go ahead with the spinoff, effectively taking its chances on a final IRS ruling as the federal agency and Treasury Department ponder new rules for these types of financial maneuvers. Yahoo is packaging the remainder of its Alibaba shares with a small operating segment, Yahoo Small Business, into the spinout dubbed Aabaco Holdings Inc., and hopes the transaction will occur in the fourth quarter. Yahoo shares jumped 3% in late trading Monday after hitting a two-year low during the regular session and closing with a 5.3% decline at $27.60.
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