Yahoo (YHOO) releases a statement regarding Alipay, saying the ownership transfer in Aug. 2010...

|By:, SA News Editor

Yahoo (YHOO) releases a statement regarding Alipay, saying the ownership transfer in Aug. 2010 and the deconsolidation in Q1 2011 "occurred without the knowledge or approval of the Alibaba Group board of directors or shareholders," and that it is working with Alibaba (ALBCY.PK) and Softbank (SFTBY.PK) "to protect economic value for all interested parties." YHOO -5.3% AH.