Yahoo Offspring Has Shot To Cut Alibaba Tax Liability: UBS

Altaba (AABA) can reduce its tax liability for its lucrative stake in China's Alibaba Group (BABA), says UBS, which hiked its price target on the holding company for Yahoo assets following the internet firm's June sale to Verizon Communications (VZ).

UBS on Monday upped its price target of Altaba to 69 from 58.  Shares in Altaba were up 0.5% to 57.50 in the stock market today.

Altaba's challenge, following Yahoo's sale to Verizon, is monetizing its assets in a tax-efficient manner. In...

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