[prostoalex]

Yeah, it has long been a point among activist investors. With Alibaba IPO the liquidity is there, the question is whether Yahoo! will get the best return now or in the future - they were somewhat criticized for divesting of their Google shares at $82-83 a share http://blogs.wsj.com/overheard/2012/02/28/yahoo-buys-low-sel...

Also, $100 chunk of Alibaba shares is not $100 distributed to you if you're a Yahoo! shareholder - first there's US corporate tax on that income, and then a dividend tax on top of that, which could be qualified or non-qualified depending on your shareholder status.