Joint Statement from Alibaba Group and Yahoo! Inc. Regarding Alipay

Yahoo! Inc. (NASDAQ:YHOO - News) and Alibaba Group issued the following statement regarding Alipay:

�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.�

About Alibaba Group

Alibaba Group is a global e-commerce leader and the largest e-commerce company in China. Since it was founded in 1999, Alibaba Group has grown to include the following core businesses: Alibaba.com (HKSE: 1688; 1688.HK), Alibaba Group's flagship company and the world's leading B2B e-commerce company; Taobao, China's largest online retail website and a one-stop platform for shopping, socializing and information sharing; Alibaba Cloud Computing, a developer of advanced data-centric cloud computing services; and China Yahoo!, one of China's leading Internet portals.

About Yahoo!

Yahoo! (NASDAQ:YHOO - News) is the premier digital media company, creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. And Yahoo!�s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.com) or the company�s blog, Yodel Anecdotal (yodel.yahoo.com).

READ MORE -
Joint Statement from Alibaba Group and Yahoo! Inc. Regarding Alipay

Yahoo and its Board Investigated by Tripp Levy PLLC

Tripp Levy PLLC, a leading national securities law firm, is investigating potential securities fraud claims against Yahoo, Inc. (�Yahoo� or the �Company�) (NasdaqGS:YHOO - News), and Yahoo�s board of directors, resulting from allegations that the Company may have issued materially inaccurate financial statements to the investing public between July 2009 and May 13, 2011, and failed to timely disclose that Alibaba Group (�Alibaba�), in which Yahoo owns a 43 percent stake, has transferred its online-payments unit Alipay to a company controlled by Alibaba's CEO Jack Ma, depriving Yahoo of a valuable asset.

On May 10, 2011, Yahoo disclosed in an SEC filing that Alibaba Group transferred ownership of Alipay to a new company controlled by Jack Ma. On this news, Yahoo�s share price fell 9.7% before closing at a loss of 7.2% for the day.

On May 12, 2011, Yahoo announced that �On March 31, 2011, Yahoo! and Softbank were notified by Alibaba Group of two transactions that occurred without the knowledge or approval of the Alibaba Group board of directors or shareholders. The first was the transfer of ownership of Alipay in August 2010. The second was the deconsolidation of Alipay effective in the first quarter of 2011.� On this announcement, Yahoo�s shares fell as much as 7.3% on extraordinarily high volume.

On May 13, 2011, Alibaba announced that it told its board in July 2009 that it had transferred ownership of Alipay to Chief Executive Jack Ma, rejecting allegations from Yahoo that it had been blindsided by the transfer. Four directors make up Alibaba's board, including Yahoo co-founder and director Jerry Yang.

Tripp Levy PLLC is investigating whether Yahoo knew and failed to disclose the loss of Alipay in July 2009, and why Yahoo did not disclose to its shareholders, at a minimum, at its April 19, 2011, earnings conference call or in its earnings press release, that Alibaba transferred Alipay to a company controlled by Jack Ma, to the detriment of Yahoo and its shareholders.

If you purchased Yahoo common stock during the period July 2009 and May 13, 2011 and suffered a loss on your investment and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

READ MORE -
Yahoo and its Board Investigated by Tripp Levy PLLC

Yahoo! Inc. Releases Statement Regarding Alipay

Yahoo! Inc. (NASDAQ:YHOO - News), issued the following statement in response to recent media reports regarding the timing of the restructuring of Alipay:

On March 31, 2011, Yahoo! and Softbank were notified by Alibaba Group of two transactions that occurred without the knowledge or approval of the Alibaba Group board of directors or shareholders. The first was the transfer of ownership of Alipay in August 2010. The second was the deconsolidation of Alipay effective in the first quarter of 2011.

Yahoo! disclosed this restructuring in its 10-Q after discussions with Alibaba Group and obtaining a better understanding of this complex situation.

Yahoo! continues to work closely with Alibaba and Softbank to protect economic value for all interested parties. We believe ongoing negotiations among all of the parties provide the best opportunity to achieve an outcome in the best interest of all stakeholders.

About Yahoo!

Yahoo! (NASDAQ:YHOO - News) is the premier digital media company, creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. And Yahoo!�s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.com) or the company�s blog, Yodel Anecdotal (yodel.yahoo.com).

READ MORE -
Yahoo! Inc. Releases Statement Regarding Alipay

Yahoo! to Host Investor Day

SUNNYVALE, Calif.--(BUSINESS WIRE)-- Yahoo! (NASDAQ:YHOO - News):

WHO: Carol Bartz, CEO; Tim Morse, EVP & CFO; Ross Levinsohn, EVP, Americas; Blake Irving, EVP & CPO; and other members of Yahoo!�s management team.

WHAT: Yahoo! will host an Investor Day with senior leadership discussing the company�s strategy, business priorities and progress.

WHEN: Wednesday, May 25, 2011 from 8:00 a.m. to 2:00 p.m. Pacific (time approximate).

HOW:
The live webcast of Yahoo!'s Investor Day meeting can be viewed at: http://investor.yahoo.com/events.cfm?CalendarID=3

An archive of the webcast will be available within 24 hours of the end of the event and can be viewed at the same link.

Note: The in-person event is by invitation only. The general public and media are invited to join the webcast.

About Yahoo!

Yahoo! is the premier digital media company, creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. And Yahoo!�s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.net) or the company's blog, Yodel Anecdotal (yodel.yahoo.com).

READ MORE -
Yahoo! to Host Investor Day

Yahoo! Sets Records With The Royal Wedding; Drives Largest Traffic Day for Single Event

Yahoo! Inc. drove its largest traffic numbers for a single event last week when the world turned to the company for coverage of the Royal Wedding. Over a 24-hour period on Friday, April 29, 2011, Yahoo! drove more traffic and video to its coverage of the wedding than any previous event.

Preliminary internal data shows that Yahoo! sites serving Royal Wedding content drove 400 million page views on Friday, slightly higher than the traffic levels experienced following the Japan earthquake. Yahoo! delivered Royal Wedding content at a record-breaking 50,000 requests per second on Friday, seven times the average daily peak of approximately 7,500, and video traffic was 21% higher than the previous record. In comparison, there were approximately 33,000 requests-per-second following the Japan earthquake and today, at press time, peak requests-per-second was 40,000 for content related to the death of Osama bin Laden. Yahoo! also drove approximately 30 million unique users, 27 million video streams and 2.6 million live video streams over the 24-hour period on Friday.

In the last three months, coverage of the Royal Wedding and the Academy Awards has demonstrated that Yahoo! is where global consumers come to be entertained with rich content no other online company offers. Similarly, when news breaks, Yahoo! is the world's trusted source for in-depth coverage, from the ongoing crisis in Japan to the death of Osama bin Laden. Yahoo! is the number one online site, reaching 180 million unique users and maintains a portfolio of 10 number one sites in the U.S., including Yahoo! News, Yahoo! Sports, Yahoo! Finance, omg!, Yahoo! Shopping, Yahoo! Real Estate and Yahoo! TV (data: comScore March 2011). Yahoo! attracts more than 680 million users globally.

In effort to extend and accelerate the company�s leadership positions and further develop a unique and distinct voice across its brands, Yahoo! today announced that it has appointed Jai Singh, editor-in-chief for the Yahoo! Media Network.

As editor-in-chief, Singh will help transform the company as it increases its original content creation, build the unique voice and programming of Yahoo!�s leading properties, and help drive best-in-class tools and practices � such as publishing platforms, aggressive social and SEO distribution � and programming across all platforms. Singh will be a key member of the Yahoo! Media Network leadership team led by Mickie Rosen, senior vice president of Yahoo! Media Network. Based in Sunnyvale, Calif., Singh starts May 31 and will be spending significant time with editorial teams based in Santa Monica, Calif., and New York City.

"Jai's appointment comes on the heels of one of the most event-filled news weeks in Yahoo! history, which underscores the importance of our editorial operations," said Rosen. "Jai is one of the most advanced and respected editorial thinkers in digital media today, and a great addition to our editorial bench strength. It�s clear that when news breaks, the world turns to Yahoo!. Shaping our unique voice, and establishing industry best practices for the next generation of publishing will further Yahoo!�s success as the premier digital media company.�

Singh was most recently managing editor of the Huffington Post Media Group where he was in charge of all day-to-day news management and editorial operations. His responsibilities spanned across both Huffington Post editorial as well as AOL, including AOL content sites. In the two years Singh was at the Huffington Post, the site saw unprecedented growth � the number of sections more than doubled to 24, as did the number of editorial staff, and unique visitors grew nearly six fold, according to comScore. Besides running the editorial operations, Singh helped drive product development in close partnership with the technology team. Singh was also the main point-of-contact and worked closely with Sales, Sales Development and Business Development. Prior to the Huffington Post, Singh created CNET News.com in 1996, which quickly became a leading authority in technology news at the height of the Internet boom. At CNET.com, as the editor-in-chief and senior vice president, Singh was in charge of all editorial, including news and product reviews, as well as product development. Singh built a news staff that won scores of national journalism awards at a time when mainstream media were still skeptical of the Internet as a source of credible information.

About Yahoo!

Yahoo! (NASDAQ:YHOO - News) is the premier digital media company, creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. And Yahoo!�s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.net) or the company's blog, Yodel Anecdotal (yodel.yahoo.com).

READ MORE -
Yahoo! Sets Records With The Royal Wedding; Drives Largest Traffic Day for Single Event