Discussions among Yahoo! Inc. (NASDAQ: YHOO), Japan’s Softbank, China’s Alibaba Group Holding Ltd. over a possible sale of Yahoo’s 40% stake in the Chinese internet company have broken down. The two companies were trying to reach an agreement on how Yahoo! might divest its ownership stake in Alibaba in a tax-efficient manner.
According to an exclusive report on the WSJ’s All Things Digital blog, Yahoo could end up paying $4 billion US taxes if it sells its stake in Alibaba, which is valued at $17 billion.
Yahoo’s shares are down more than -6%, at $15.09 in a 52-week range of $11.09-$18.84.
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