TheNewsRoom | Yahoo, Alibaba Say They Are Negotiating on Alipay

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Yahoo, Alibaba Say They Are Negotiating on Alipay

May 16, 2011

Yahoo! (YHOO) and Alibaba Group issued a joint statement yesterday to indicate they are working together to resolve the issue of the transfer of ownership of Alipay. The statement said that Alibaba and its major stockholders, Yahoo and Softbank, are engaged in and committed to productive negotiations to resolve the outstanding issues related to Alipay in a manner that serves the interests of all shareholders as soon as possible.