This story just gets stranger and stranger, and it feels as though it is generated by news sources quoting blogs who are also referring back to sources. Call it what you wish, but it is having an impact. All Things D is reporting that Yahoo! Inc. (NASDAQ: YHOO) and its Asian partners have “hit a ground-breaking impasse” over coming to terms that would result in a large cash infusion into Yahoo! if it can monetize its stake in Alibaba or in Yahoo! Japan.
Yahoo! is under new leadership and it has been seeing an exodus of members from its board of directors. Whether that has anything to do with these developments is or is not the case is unknown, but the situation is not looking better.
Yahoo! shares are now down 4% at $15.42 on over 25 million shares. its 52-week trading range is $11.09 to $18.84.
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