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Yahoo’s Talks With Alibaba and Softbank Said to Have Collapsed [dealbook.nytimes.com]
Yahoo‘s talks to sell back most of its stakes in Alibaba of China and Yahoo Japan to its Asian partners have collapsed, according to people briefed on the matter.
The sudden and unexpected development raises new questions about the future of Yahoo, which had counted on completing the deal to raise billions of dollars that the embattled online company could use to reshape its operations.
Yahoo Japan dips on reports of asset swap talks failure [bbc.co.uk]
Shares of Yahoo Japan fell 5% on the Tokyo Stock Exchange on reports that talks regarding the swap of Yahoo's Asian assets had hit a stalemate.
Alibaba's Taobao at center of failed Yahoo deal: sources [reuters.com]
Yahoo Inc's efforts to craft a complex $17 billion asset swap with its Asian partners stumbled over how to value Taobao, the fast-growing online retail business owned by China's Alibaba Group, according to sources familiar with the matter.