Alibaba and Yahoo shares have been transferred to Alipay settlement of disputes arising.
According to reports, the two anonymous sources, Yahoo and Alibaba signed the proposed agreement requires a shareholder of Alibaba, the Japanese company Softbank (SoftbankCorp.) participation, but the Son has been unwilling to negotiate on the matter.
According to sources, Yahoo and Alibaba Group, the former analyst meeting held last Wednesday before the settlement, the terms of the agreement, including Yahoo executives elaborated on the meeting content. Yahoo CFO Tim Morse said at the meeting, Yahoo still in talks with Alibaba Group, and the two sides build a framework for settlement, including payment of compensation and the value of Po problems.
11 May, Yahoo filed with the Securities and Exchange Commission documents show that 43% of its shareholding Alibaba Group has transferred ownership of Alipay to Ma, a new holding company. Alipay aspects of this explanation is that, in order to achieve "non-financial institutions required to pay management approach" in the absolute control of financial institutions capital ratio requirements, and said the ownership has been transferred in Zhejiang Alipay Alibaba limited company.
And this event Alipay equity, and the other at Yahoo and Alibaba stake further escalation of the battle. Yahoo founder Jerry Yang has made it clear that: the outside of the Yahoo reorganization transaction disclosure Alipay the time in dispute. Yahoo said that Alibaba Group until March 31 this year, Yahoo was to inform the matter. In this regard, Yahoo CEO Bartz said that Yahoo needs to be a satisfactory compensation.
However, in an interview Ma had repeatedly stressed: "Ali Baba Board of Directors in the last 3 years to discuss this matter, Yahoo, participated in the discussion each time. In fact as early as last year, Alipay had already completed 70% of the share transfer, This is the result of the board discussed and agreed. "
According to reports, the two anonymous sources, Yahoo and Alibaba signed the proposed agreement requires a shareholder of Alibaba, the Japanese company Softbank (SoftbankCorp.) participation, but the Son has been unwilling to negotiate on the matter.
According to sources, Yahoo and Alibaba Group, the former analyst meeting held last Wednesday before the settlement, the terms of the agreement, including Yahoo executives elaborated on the meeting content. Yahoo CFO Tim Morse said at the meeting, Yahoo still in talks with Alibaba Group, and the two sides build a framework for settlement, including payment of compensation and the value of Po problems.
11 May, Yahoo filed with the Securities and Exchange Commission documents show that 43% of its shareholding Alibaba Group has transferred ownership of Alipay to Ma, a new holding company. Alipay aspects of this explanation is that, in order to achieve "non-financial institutions required to pay management approach" in the absolute control of financial institutions capital ratio requirements, and said the ownership has been transferred in Zhejiang Alipay Alibaba limited company.
And this event Alipay equity, and the other at Yahoo and Alibaba stake further escalation of the battle. Yahoo founder Jerry Yang has made it clear that: the outside of the Yahoo reorganization transaction disclosure Alipay the time in dispute. Yahoo said that Alibaba Group until March 31 this year, Yahoo was to inform the matter. In this regard, Yahoo CEO Bartz said that Yahoo needs to be a satisfactory compensation.
However, in an interview Ma had repeatedly stressed: "Ali Baba Board of Directors in the last 3 years to discuss this matter, Yahoo, participated in the discussion each time. In fact as early as last year, Alipay had already completed 70% of the share transfer, This is the result of the board discussed and agreed. "