[Reuters] Alibaba says Yahoo was told of Alipay deal in 2009

Posted by: UGN Security

[Reuters] Alibaba says Yahoo was told of Alipay deal in 2009 - 05/13/11 05:56 PM

NEW YORK (Reuters) - China's Alibaba Group said it told its board in July 2009 that it had transferred ownership of its online e-commerce business to Chief Executive Jack Ma, rejecting allegations by major shareholder Yahoo Inc that it had been blindsided by the deal.