Mayer Yahoo: I'm not going to quit there are many tasks to do

Yahoo's Board of Directors on Wednesday renounced the splitting of Alibaba Group's equity plans and split core Internet business and a newly listed company. Meyer promised to continue as Yahoo's Chief Executive Officer.

Although Mayer as Yahoo's Chief Executive, was questioned by market analysts, but said she still has confidence in Yahoo's future. Mayer said in an interview with the financial times, "my company are very proud of what has been achieved. Companies still have a lot of work to be done in the future, so I have no intention of retiring. ”

Yahoo's Board of Directors said that Yahoo will be split in the future include Web search, media, real time communication services core business, into a new listed company, the entire work could take up to a year.

The above assets and separation of 15% Ali of the shares held by Yahoo, is a complex transaction requires shareholder vote, United States Securities and Exchange Commission approval, as well as contract. Yahoo announced on Wednesday, which had given up spun the Alibaba group stake. Yahoo announced in February this year, Alibaba group stake held by the plan to spin off by the end of this year.

Yahoo Chairman Maynard Webb (Maynard Webb) said that although companies may think stripping the Board of Directors of Alibaba will be exempt from taxation, but the market for possible huge tax bill the deal risks will depress Yahoo's valuation.