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Yahoo’s Talks With Alibaba and Softbank Said to Have Collapsed: DealBook Alert

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Dealbook News Alert The New York Times Tuesday, February 14, 2012 ----- Yahoo’s Talks With Alibaba and Softbank Said to Have Collapsed 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 a person briefed on the matter. The talks to put together a tax-free transaction, ended on Monday, this person said. It was unclear why, although the pace of negotiations had been exceedingly slow. Completing a deal would still have taken about a month, people briefed on the discussions said previously. Alibaba and Yahoo Japan’s majority stakeholder, Softbank, plan on reaching out to Yahoo’s chief executive to discuss whether an alternative transaction, including one that was not tax-free, is possible, added the person briefed on the matter. Read More: http://dealbook.nytimes.com/2012/02/14/yahoos-talks-with-alibaba-and-softbank-said-to-have-collapsed/?emc=da

DealBook Alert: Yahoo Co-Founder Jerry Yang Resigns From Board

Dealbook News Alert The New York Times Tuesday, January 17, 2012 ----- Yahoo Co-Founder Jerry Yang Resigns From Board Yahoo announced on Tuesday that co-founder and board member Jerry Yang had stepped down from its board effective immediately. He has also resigned from the boards of Yahoo Japan and the Alibaba Group. The online portal, which recently appointed a new chief executive, did not fully explain Mr. Yang’s abrupt departure, but the board has wrestled with several issues in recent months including a possible sale of its Asian assets and the company’s strategic direction. In a letter to Yahoo’s chairman Roy Bostock, disclosed on Tuesday, Mr. Yang was obtuse: “The time has come for me to pursue other interests outside of Yahoo.” He also expressed his confidence in the new chief, Scott Thompson, and the rest of the management team. Shares of Yahoo jumped more than 4 percent in after-hours trading to more than $16 per share, immediately following the announceme