There is no peace for Yahoo. The American tax authorities are hindering the plan to spin off the 15% stake still held by the US company in the capital of the Chinese giant Alibaba. According to Yahoo's plans, the operation should have taken place through an independent and listed holding company, Abaco, to which the 384 million shares with a total value of approximately 23 billion dollars can be transferred tax-free.
The rejection by Washington could cost the company around 15 billion in taxes and the news, of course, did not please investors at all, who caused Yahoo's stock to drop by 4% in one session.
Meanwhile, CEO Marissa Mayer (pregnant with twin girls who will give birth in December) also has to deal with the farewell of two top managers she hired three years ago. They are Dawn Airey and Kathy Savitt, who to date have respectively held the roles of head of development for the European area and number one marketing with control of video and editorial content. Both have chosen to resign to gather new opportunities elsewhere.
