Alibaba Group, a leading Chinese e-commerce company, has suspended talks with top global search service provider Yahoo after the latter refused to sell the 39% stake it holds in the Chinese firm. Alibaba spokesman John Spelich said in an email that instead of accepting the proposal of Alibaba, Yahoo proposed a totally different solution, which is considered to be unreasonable by his company. Sinocast reported Yahoo CEO Carol Bartz as saying in an interview that she hopes to hold a seat on the board of Alibaba by the end of 2010 as earlier agreed by both sides. Spelich said Alibaba has not received any notice from Bartz about joining the company’s board.
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