Alibaba

Yahoo Tries To Avoid A Big Tax Bill Over Alibaba

Yahoo has announced a counterintuitive strategy in its efforts to sell shares in another company: If it can't spin off Alibaba tax-free, the company will try to spin off the rest of Yahoo instead.

Alibaba Shares Surge On First Day Of Trading

Shares of the Chinese e-commerce giant opened at $92.70 a share on the New York Stock Exchange today, making it the biggest initial public offering in U.S. history. They were priced at $68 a share.