Yahoo, Alibaba, and Softbank reach agreement on Alipay
Internet giant Yahoo and China’s Alibaba have, in conjunction with Japan’s Softbank, reached an agreement (PDF) in their lingering dispute over the Alipay online payment service. Under the agreement, Alibaba will receive no less than $2 billion and no more than $6 million when (and if) Alipay experiences a “liquidity event” like being sold or going public. The exact amount will be 37.5 percent …
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