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Yahoo-Alibaba Talks Reportedly Collapse

It apparently includes Yahoo’s parallel and intertwined negotiations with Softbank to dispose of Yahoo’s piece of Yahoo Japan

Yahoo's critical negotiations with Alibaba to sell part of its stake in Alibaba back to the Chinese company have collapsed according to All Things Digital, a report later confirmed by CNBC.

Apparently the collapse includes Yahoo's parallel and intertwined negotiations with Softbank to dispose of Yahoo's piece of Yahoo Japan.

Yahoo's position in the two operations is valued at around $17 billion.

Yahoo's stock dropped 6.5% on the news.

CNBC said it heard Yahoo lacked the resolve to get the complex deal done, impeded perhaps by fears the IRS would ultimately shoot it down.

It was trying to cut a tax-free deal that would save it $4 billion in US taxes by trading operating assets as well as cash.

All Things Digital heard Yahoo negotiators suddenly shifted course on what they want from the arrangement.

The sides were supposed to be moving toward a definite agreement.

When Yahoo chairman Roy Bostock said he would finally be hanging up his spurs last week, he warned that the deal might not get done.

Negotiations have been going on since Carol Bartz was CEO. Yahoo now has a new CEO and the promise of a remade board. The New York Times says Alibaba and Softbank are going to try reaching out to the new CEO about a deal that isn't tax-free. CNBC said the talks are unlikely to restart any time soon. Reuters later said Yahoo was surprised Alibaba and Softbank had walked away and was told Yahoo was open to other deal configurations.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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