It looks like only half of the rumors about Yahoo’s plans for the future were true. While the company has confirmed that it’s abandoning its plan to spin off its stake in Alibaba, which is the Chinese equivalent of Amazon, it won’t be selling off its core business. Instead, the core business, as well as pretty much anything that isn’t Alibaba, will be spun off into a new company, which will create two independent, publicly-traded companies. Yahoo appears to be set on this decision, but it will take more than a year to receive both regulatory and shareholder approval for the decision, which is a damn shame for all those companies that were lining up to acquire Yahoo.
