Yahoo and Alibaba Finally Resolve Alipay Dispute
Alibaba could get up to $6 million if Alipay goes public
After months of dispute, Chinese company Alibaba and its part-owner Yahoo have finally reached an agreement concerning Alipay, a payments processing company.
Joined by Softbank, another major investor in Alibaba, the companies announced today that they had agreed to a deal guaranteeing Alibaba payments in the event of an Alipay IPO or other liquidity event, The New York Times reported. If Alipay decides to go public, Alibaba will receive between $2 billion and $6 billion plus certain licensing fees, assuming that Alipay’s IPO would value it at about $5.3
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