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Yahoo says IRS declined to rule on Alibaba spinoff

A crucial deal for Yahoo has hit a snag, with the IRS declining to issue a private ruling that would have confirmed the Internet company can spin off its stake in China's Alibaba Group tax free.

Scientific Games strikes $3.3B deal to buy Bally

Scientific Games plans to pay about $3.3 billion to buy Bally Technologies in a deal that would combine makers of gambling equipment ranging from slot machines to instant-win lottery games.

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