A deal worth billions to Yahoo has reportedly hit a snag. The deal between Yahoo and two of its Asian partners, China’s Alibaba Group and Japan’s SoftBank, has reached an impasse, according to a recent report. The accord would, among other things, save Yahoo $4 billion in U.S. taxes. Yahoo’s investment in Alibaba and Yahoo Japan is estimated at $17 billion, and Yahoo likely aims to turn that investment into cash that can be used to increase the value of the investments made in the company by its shareholders.
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Yahoo's Asian Negotiations Fly Off the Tracks
Posted by: John P. Mello Jr. February 15, 2012 09:14 AMA deal worth billions to Yahoo has reportedly hit a snag. The deal between Yahoo and two of its Asian partners, China’s Alibaba Group and Japan’s SoftBank, has reached an impasse, according to a recent report. The accord would, among other things, save Yahoo $4 billion in U.S. taxes. Yahoo’s investment in Alibaba and Yahoo Japan is estimated at $17 billion, and Yahoo likely aims to turn that investment into cash that can be used to increase the value of the investments made in the company by its shareholders.