Alibaba To Reach Out To Yahoo CEO On Stalled Deal


Salon Staff
February 15, 2012 12:00PM (UTC)

HONG KONG (AP) — A person familiar with the talks says Alibaba Group and Japan's Softbank will reach out to Yahoo Inc.'s chief executive, bypassing negotiators from the U.S. Internet company, after talks over Yahoo's Asian holdings broke down.

The struggling Internet company has been in discussions to sell its stakes in Chinese e-commerce company Alibaba Group and Yahoo Japan back to Alibaba and Yahoo Japan shareholder Softbank Corp.

Advertisement:

But the person who declined to be identified because the talks were confidential said Wednesday that Softbank and Alibaba will go directly to Yahoo CEO Scott Thompson for more clarity after talks broke down over the terms.

The person said Yahoo's negotiating team seemed to have different ideas from the company's leaders.


Salon Staff

MORE FROM Salon Staff

BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••


Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •