Deals
Alibaba Says It’s ‘Moved On’ After Yahoo Talks End
This article is for subscribers only.
Alibaba Group Holding Ltd., China’s biggest electronic commerce company, said it’s “moved on’’ from talks to buy back shares held by Yahoo! Inc., after the two sides failed to reach agreement earlier this year.
“We have no intention of raising this issue again,’’ Alibaba spokesman John Spelich said by phone today. Talks between the Chinese company and Yahoo about the shares ended in June, he said.