Feeds

Yahoo! boo-hoo over Alibaba boo-boo

We (finally) know what you did last summer

Beginner's guide to SSL certificates

Yahoo! has told its long-suffering investors that it is still in discussions with Alibaba over the fate of its payment business Alipay.

Its stake in Alibaba - a leading Chinese ecommerce business - is seen as one of the better reasons to own Yahoo! shares. But relations between the two seem to be under strain.

Alibaba span off its payment division Alipay in August last year, but it was only last week that Yahoo! appeared to notice. It said the transaction had occurred without "the knowledge or approval of the Alibaba Group board of directors or shareholders".

Alibaba disputes this, insisting the move was first discussed at a board meeting in 2009, the BBC reports.

Yahoo! insists the battle is not over. It said:

Yahoo! continues to work closely with Alibaba and Softbank to protect economic value for all interested parties.

We believe ongoing negotiations among all of the parties provide the best opportunity to achieve an outcome in the best interest of all stakeholders.

Alibaba is a sort of eBay for small businesses looking to get stuff made in China. It also runs domestic Chinese and Japanese services. Its $26bn IPO in 2007 was the largest tech float since Google's. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.