Yahoo, Alibaba Working on New, Taxable Deal

Yahoo has been working on a new deal to sell a portion of its stake in Alibaba Group back to the Asian company, and a transaction could be completed within weeks, people familiar with the matter said. At the same time, they cautioned, the two parties have failed to strike a deal numerous times in the past, and there is no guarantee a deal will be reached this time.

Still, they said, the current plan, under which Yahoo would pay taxes on its gains from the sale, is considered simpler and more doable than a previous effort.