Yahoo and Alibaba said the negotiations over the Alipay spinoff were underway because neither side looks good in this one. Alipay, China's largest online payment network, is worth billions of dollars.

NEW YORK -- Yahoo Inc. and Alibaba Group released a joint statement Sunday saying they are "engaged in and committed to productive negotiations," giving few details but aiming to present a united ...

Yahoo Inc has resolved a dispute with partner Alibaba Group over the Chinese company's transfer of its prized online payments unit to its CEO Jack Ma, two sources close to the matter said.

Yahoo Inc.’s issues with Alibaba Group Holding Ltd. over the ownership of the Alipay online payments provider have yet to be resolved, though the companies are making progress, they announced June 22.

Alibaba Group Holding Ltd. is near an agreement to buy back a 20 percent stake in itself from Yahoo! Inc. for about $7 billion, said a person with knowledge of the matter. The purchase may pave ...

SAN FRANCISCO — Yahoo has completed a long-awaited $7.6 billion deal with China's Alibaba Group, generating a windfall that could help ease the pain of Yahoo shareholders who have endured the ...