Carol Bartz, Yahoo CEO, Says Alibaba Compensation Talks Progressing

Yahoo! Inc's (NASDAQ:YHOO) CEO Carol Bartz said today she's making progress in talks with Alibaba Group Holding Ltd, a company in which Yahoo is a part owner, to make sure Alibaba, and by extension Yahoo, is properly compensated for Alibaba's spin-off of the company's online payment unit Alipay.

Yahoo! owns about 40% of the China-based Alibaba Group, which in turn owns Yahoo China as well as three other large Chinese properties.

Earlier this month, Yahoo disclosed to the SEC that Alibaba had transferred 100% of its ownership in Alipay to a new company controlled by Alibaba CEO Jack Ma.

Bizarrely, the spin-off took place last summer, but Yahoo claimed it was not notified until March 31st, with Alibaba countering the transfer had been discussed at several board meeting years ago.

Yahoo! is down nearly 13% over the last several weeks since the disclosure.

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