Yahoo Reports Progress in Alibaba Talks
Yahoo Inc. executives said they had made “significant progress” with Alibaba Group Holding Ltd. to settle a row over ownership of a key unit that affects the value of the U.S. Internet giant’s investment in its Chinese partner.
Chief Executive Carol Bartz and co-founder Jerry Yang kicked off Yahoo’s investor day with a conversation about the Alibaba dispute, saying Yahoo, Alibaba and Japan’s Softbank Corp., which also owns a large stake in Alibaba, are working closely together to resolve the problem.
