Yahoo to Spin Off Its Core Businesses
Yahoo had to do this.  They had been hanging onto the belief that the IRS wouldn't tax their Alibaba spin out, a belief that they and their tax accountants alone believed.Most telling is that Yahoo was up after the markets closed on this news.  Heck Bloomberg just sent me a note saying the sentiment of the news on Yahoo was very positive, even the machines like this news:)Sadly this probably means 3 things are going to happen in the next 6 months:1) The CEO leaves, and is replaced by an interm CEO from a PE firm who will negotiate the wind down of Yahoo.2) There will be a lot of companies coming to look at Yahoo.  If a deal can be done quickly then I don't think there will be layoffs right away.  If no deal can be reached quickly then in 6 months I'll bet there is a very large round of layoffs as the company shutters what it can't sell to make the rest of Yahoo look more appetizing.3) If Alibaba buys the holding portion of Yahoo( Alibaba and Yahoo Japan) then look for Alibaba to seek to acquire the rest of Yahoo Japan.From teh article:> Yahoo’s shift in strategy comes as Ms. Mayer and her husband, Zachary Bogue, are expecting the birth of twin daughters this monthI hope she takes a full year off, if not more.  The past 4 years couldn't have been easy on her.  It will be interesting to see what she does next.It's clear she's great at product design and not so good at people skills.  Unfortunately, that doesn't fit well with becoming a CEO again.