Yahoo has thrown out plans to spinoff their share in Alibaba, worth about $31 billion USD. 

Shares in the California-based company have jumped over 2.7 percent in after-hours trading following the announcement. 

It’s the climax to an 11-month debate over whether Yahoo would be able to separate their core business from the Alibaba stake without incurring a massive tax bill. Yahoo’s core business has an estimated worth of less than $2 billion USD, with the rest of the company’s value tied up in Alibaba as well as Yahoo Japan Corp. and some cash holdings. 

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com