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Yahoo Faulted by Investors for Delayed Alipay Disclosure

Yahoo! Inc. took too long to disclose an ownership change in its Asian assets that caused a 13 percent slump in the company’s stock, investors said.

It took Yahoo more than five weeks after learning of the deal to inform investors that Alibaba Group Holding Ltd., a company it partly owns, spun off its Alipay online-payment service. The revelation fueled concern that Yahoo’s stake would lose value. Institutional Shareholder Services Inc., a shareholder advisory firm, said it will review whether Sunnyvale, California-based Yahoo acted in a timely manner.