Yahoo Could Sell Its Alibaba Shares Without a Big Tax Bill

So what might she offer? Here are a few possibilities:

The single biggest goal — one vigorously reinforced by antsy shareholders like the activist hedge fund Starboard Value — is that Yahoo part with its roughly 15 percent stake in Alibaba without running up a big tax bill.

It’s a pressing concern, especially given the disconnect between what the Alibaba shares are worth versus those of Yahoo’s core Internet business. Yahoo’s stake in the Chinese e-commerce giant is worth about nearly $39 billion as of Tuesday morning, accounting for the vast majority of the American company’s $46 billion market capitalization.

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The New York Times