to have a tax bill on the sale, possibly a substantial one. And I presume there were legal reasons for not using a <a href="http://dealbook.nytimes.com/2014/04/29/alliant-techsystems-break-up-and-the-return-of-the-morris-trust/">Morris Trust structure</a>, in which Yahoo would have been spun off and immediately sold to Verizon so that only Yahoo’s shareholders paid tax on the deal. In truth, the Yahoo assets being sold are only about 10 percent of the value of the company, so the time and logistics for su