Alibaba and Yahoo! Take Dispute Offline

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Alibaba and Yahoo! Take Dispute Offline

Alibaba and Yahoo! officials on Sunday acted to end the public controversy over the Chinese company’s transfer of its Alipay online e-commerce payment system to Alibaba CEO Jack Ma.

After a weeklong war of words in the press, the companies issued a conciliatory joint statement: “Alibaba Group, and its major stockholders Yahoo! Inc. and Softbank Corporation, are engaged in and committed to productive negotiations to resolve the outstanding issues related to Alipay in a manner that serves the interests of all shareholders as soon as possible.”

Show’s over folks, everybody move along while the dispute moves behind closed doors.

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