Yahoo has announced that it has killed its plan to spin off its $32 billion stake in Alibaba Group Holding Ltd. The company will now transfer the assets and liabilities excluding the Alibaba stake to a newly formed company.
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Sharp is planning to spin off its smartphone LCD panel unit owing to financial downslide. The Tokyo based company is seeking help from government-supported Innovation Network Corp. of Japan to invest in its small and medium LCD unit, sources told The Wall Street Journal and Reuters.
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